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 Bahama Bay 2024 $9,583 8,022 1,561 $5,847 192 70 317 2023 $9,502 7,486 2,016 Caribbean Key 2023 2024 $8,783 7,463 1,320 $12,819 151 344 350 $8,822 7,453 1,369 Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for the most recent year. 1-b. Which company has the higher ratio? 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key for the most recent year. 2-b. Which company appears more profitable? 3-a. Calculate the times intoroct garn
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) Total assets Total liabilities. Total stockholders' equity Sales revenue Interest expense Income tax expense Net income Bahama Bay 2024 $9,583 8,022 1,561 $5,847 192 70 317 2023 $9,502 7,486 2,016 Caribbean Key 2023 2024 $8,783 7,463 1,320 $12,819 151 344 350 $8,822 7,453 1,369 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 intoroct garn
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter17: Financial Statement Analysis
Section17.4: Analyzing Financial Statements Using Financial Ratios
Problem 1WT
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