Question: Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $3,200 1,950 1,250

Western World has the following selected data ($ in millions): 2021

Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $3,200 1,950 1,250 $2,350 1,400 950 $ 770 Income statement data Sales Interest expense Tax expense Net income 70 95 Based on these amounts, calculate the following ratios for Western World in 2021: (Round your answers to 2 decimal places.) 1. Debt to equity ratio Return on assets ratio 3. Times interest earned ratio times

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