Question: Problem 9-8B Calculate and analyze ratios (LO9-8) Selected financial data for Surf City and Paradise Falls are as follows: ($ in millions) Total assets Total

Problem 9-8B Calculate and analyze ratios (LO9-8) Selected financial data for

Problem 9-8B Calculate and analyze ratios (LO9-8) Selected financial data for Surf City and Paradise Falls are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Surf City 2021 2020 $16,383 $15, 142 9,820 8,305 6,563 6,837 Paradise Falls 2021 2020 $35, 242 $34, 341 15,984 14,298 19, 258 20,043 $ 6,613 351 Sales revenue Interest expense Tax expense Net income $14,726 430 55 2,346 590 Required: 1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5)) Debt to Equity Ratio Surf City Paradise Falls

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