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Problem 9-8A Calculate and analyze ratios (LO9-8) Selected financial data for Bahama Bay and Caribbean...

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Problem 9-8A 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 Bahama Bay 2021 2020 $9,643 $9,562 8,052 7,516 1,591 2,046 Caribbean Key 2021 2020 $ 8,843 $8,882 7,493 7,483 1,350 1 399 Sa les revenue Interest expense Tax expense Net income $5,877 201 73 323 $12,849 157 347 356 2-a. Calculate the return on assets for Bahama Bay and Caribbean Key. (Do not round Intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (.e., $5,500,000 should be entered as 5.5).) Roturn on Assets Ratlo Bahama Bay Caribbean Key 2-b. Which company appears more profitable? Bahama Bay Caribbean Key 3-a. Calculate the times interest earned ratio for Bahama Bay and Caribbean Key. (Do not round intermediate calculations. Round ratios answers to 1 decimal place. Enter your answer in millions. (.e., $5,500,000 should be entered as 5.5).) Times Interest Earned Ratio Bahama Bay Caribbean Key 3-b. Which company is better able to meet interest payments as they become due? Bahama Bay Caribbean Key

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