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A company has the following selected data ($ in millions):       2021   2020 Balance sheet data         Total assets $ 3,500 $ 2,150 Total liabilities   1,650   1,000 Total stockholders' equity   1,850   1,150           Income statement data         Sales $ 890     Interest expense   70     Tax expense   36     Net income   100       Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.)     1- debt to equity ratio: ______ 2-return on assets ratio: _____% 3- times interest earned ratio: _____times

A company has the following selected data ($ in millions):       2021   2020 Balance sheet data         Total assets $ 3,500 $ 2,150 Total liabilities   1,650   1,000 Total stockholders' equity   1,850   1,150           Income statement data         Sales $ 890     Interest expense   70     Tax expense   36     Net income   100       Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.)     1- debt to equity ratio: ______ 2-return on assets ratio: _____% 3- times interest earned ratio: _____times

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has the following selected data ($ in millions):
 

    2021   2020
Balance sheet data        
Total assets $ 3,500 $ 2,150
Total liabilities   1,650   1,000
Total stockholders' equity   1,850   1,150
         
Income statement data        
Sales $ 890    
Interest expense   70    
Tax expense   36    
Net income   100    
 


Based on these amounts, calculate the following ratios for the company in 2021: (Round your answers to 2 decimal places.)

 

 

1- debt to equity ratio: ______

2-return on assets ratio: _____%

3- times interest earned ratio: _____times

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