Local Airways had the following results in the last two years:

2001 2000 Operating revenues $ 624,000 $ 618,000 Operating expenses 625,000 617,000 Operating property 365,000 360,000 Long-term debt 280,000 270,000 Estimated passenger miles 7,340,000 7,600,000 Required Calculate the following for 2001 and 2000:

a. Calculate the operating ratio and comment on the trend.

b. Calculate the long-term debt to operating property ratio. What does this tell about debt use?

c. Calculate the operating revenue to operating property and comment on the trend.

d. Calculate the revenue per passenger mile. What has caused this trend?