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Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Reg 1B Bahama Bay Req 2A 2024 $9,683 8,072 1,611 $5,897 Req 2B 207 75 327 Complete this question by entering your answers in the tabs below. 2023 $9,602 7,536 2,066 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Caribbean Key 2023 2024 $8,883 7,513 1,370 $12,869 Req 3A 161 349 360 $8,922 7,503 1,419 Req 3B

Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Reg 1B Bahama Bay Req 2A 2024 $9,683 8,072 1,611 $5,897 Req 2B 207 75 327 Complete this question by entering your answers in the tabs below. 2023 $9,602 7,536 2,066 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Caribbean Key 2023 2024 $8,883 7,513 1,370 $12,869 Req 3A 161 349 360 $8,922 7,503 1,419 Req 3B

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Complete this question by entering your answers in the tabs below. Req 1A Req 1A Which company has the higher ratio? Which company has the higher ratio? Req 1B Bahama Bay Caribbean Key Req 1A Req 1A Req 1B Bahama Bay Req 2A Caribbean Key Req 1B Req 1B Req 2B < Req 1A Req 2A Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. (Do not round calculations. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5), rounded to 1 decim Which company appears more profitable? Which company appears more profitable? Numerator/Denominator Return on Assets Ratio Req 2A Req 3A Req 2B Req 2A Req 2B < Req 2A Req 2B Req 3B Req 2A > Req 3A < Req 2B Amounts Times Interest Earned Ratio Numerator/Denominator Reg 3A Req 3B Req 3A Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. ( intermediate calculations. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5).) Req 3B Req 3A > Amounts Req 3B Req 3B >
Transcribed Image Text:Complete this question by entering your answers in the tabs below. Req 1A Req 1A Which company has the higher ratio? Which company has the higher ratio? Req 1B Bahama Bay Caribbean Key Req 1A Req 1A Req 1B Bahama Bay Req 2A Caribbean Key Req 1B Req 1B Req 2B < Req 1A Req 2A Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. (Do not round calculations. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5), rounded to 1 decim Which company appears more profitable? Which company appears more profitable? Numerator/Denominator Return on Assets Ratio Req 2A Req 3A Req 2B Req 2A Req 2B < Req 2A Req 2B Req 3B Req 2A > Req 3A < Req 2B Amounts Times Interest Earned Ratio Numerator/Denominator Reg 3A Req 3B Req 3A Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. ( intermediate calculations. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5).) Req 3B Req 3A > Amounts Req 3B Req 3B >
Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Bahama Bay Req 1B Caribbean Key Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. Complete this question by entering your answers in the tabs below. Req 2A 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Req 2B 2024 $9,683 8,072 1,611 $5,897 Debt to Equity Ratio Bahama Bay Numerator/Denominator 207 75 327 II < Req 1A 2023 $9,602 7,536 2,066 II Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. (Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5).) Req 3A Caribbean Key 2024 2023 $8,883 7,513 1,370 $12,869 Amounts 161 349 360 11 II $8,922 7,503 1,419 Req 3B Req 1B >
Transcribed Image Text:Problem 9-9A (Algo) Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Req 1A Bahama Bay Req 1B Caribbean Key Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. Complete this question by entering your answers in the tabs below. Req 2A 2-b. Which company appears more profitable? 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. 3-b. Which company is better able to meet interest payments as they become due? Req 2B 2024 $9,683 8,072 1,611 $5,897 Debt to Equity Ratio Bahama Bay Numerator/Denominator 207 75 327 II < Req 1A 2023 $9,602 7,536 2,066 II Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. (Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5).) Req 3A Caribbean Key 2024 2023 $8,883 7,513 1,370 $12,869 Amounts 161 349 360 11 II $8,922 7,503 1,419 Req 3B Req 1B >
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