Answer | |
Answer 1-a | 1) Calculation of Debt Equity ratio = Total Laibilities/stockholders equity |
Debt equity ratio = 8032 /1571= 5.11 | |
Caribbean key = 7473/1330 = 5.61 | |
debt equity ratio of Bahama = 5.11 | |
Debt equity ratio of caribben = 5.61 |
Answer 1-b | 1-b) Caribbean key has Higher ratio |
Answer2-a | 2-a) Return On assets = Net Income/average total assets |
Bahama = 319/9562.5 = 0.0334 times | |
Average total assets = Assets at beginng+assets at the end/2 | |
Average total assets = 9522+9603/2 | |
average total assets = 9562.5 | |
Caribbean key = 352 /8822.5 = 0.0399 Times | |
average total assets = 8842+8803/2 | |
average total assets = 8822.5 |
Answer-2-b | 2-b) Company caribbean key has more return on assets |
company caribbean key is more profitable | |
Answer 3-a | 3-a) Time earned Ratio = Net income+interest expenses+tax exp/interest expenses |
Time earned ratio (bahama) = 319+195+71/195 | |
Time earned ratio (bahama) = 3 | |
Time earned ratio (caribbean key) = 352+153+345/153 | |
Time earned ratio (caribbean key ) = 5.56 | |
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