Selected financial data for Surf City and Paradise Falls are as follows:
($ in millions) | Surf City | Surf City | Paradise Falls | Paradise Falls |
2021 | 2020 | 2021 | 2020 | |
Total assets | $16,103 | $14,862 | $32,816 | $34,061 |
Total liabilities | 9,780 | 8,165 | 13,398 | 14,158 |
Total |
6,323 | 6,697 | 19,418 | 19,903 |
Sales revenue | $6,473 | 14,586 | ||
Interest expense | 309 | 402 | ||
Tax expense | 41 | |||
Net income | 562 | 2,318 |
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))
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2-a. Calculate the
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3-a. Calculate the times interest earned ratio for Surf City and Paradise Falls. (Do not round intermediate calculations. Round ratios answers to 1 decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5))
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