Problem
Calculate and analyze ratios
Two online travel companies, E-Travel and Pricecheck, provide the following selected financial data:
($ in thousands) E-Travel Pricecheck
Total assets $ 6,387,156 $ 1,912,224
Total liabilities 3,554,475 479,610
Total stockholders' equity 2,832,681 1,432,614
Sales revenue $ 3,105,426 $ 2,488,212
Interest expense 87,233 27,084
Tax expense 160,400 50,168
Net income 305,526 495,472
Task
Calculate the debt to equity ratio for E-Travel and Pricecheck.