part 3-a & 3-b please. Selected financial data for Bahama Bay and Caribbean Key are as follows:($ in millions).Total assetsTotal liabilitiesTotal stockholders' equitySales revenueInterest expenseIncome tax expenseNet incomeReq 1ABahama BayReq 1BCaribbean KeyRequired: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 2ABahama Bay2024$9,5838,0221,561$5,8472-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 2B19270317Times Interest Earned RatioNumerator/Denominator2023$9,5027,4862,016Req 3ACalculate the times interest earned ratio for Bahama Bay and Caribbean Key for the most recent year. (Do not roundintermediate calculations. Enter your answer in millions (i.e., $5,500,000 should be entered as 5.5).)AmountsCaribbean Key20232024$8,783 $8,8227,4637,4531,3201,369$12,819< Prevd15134435011Req 3B6 of 600Next >

The question requires the calculation of times interest earned ratio and which company is better to…

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 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?