Question
1. Based on the results of the horizontal analysis, which line item on the income statement increased by the highest percentage during the year? a.
1. Based on the results of the horizontal analysis, which line item on the income statement increased by the highest percentage during the year?
a. Special charges
b. Aircraft fuel
c. Interest income
d. Cargo
2. Based on the results of the horizontal analysis, which line item on the income statement decreased by the highest percentage during the year?
a. Aircraft rent
b. Other operating revenue
c. Miscellaneous, net
d. Income tax expense
3. Based on the results of the horizontal analysis, which line item on the income statement decreased by the most dollars during the year?
a. Other operating revenue
b. Aircraft rent
c. Income tax expense
d. Operating revenue
4. Based on the results of the horizontal analysis, which line item on the income statement increased by the most dollars during the year? a. Passenger
b. Cargo
c. Operating income
d. Aircraft fuel
Please answer completely. Thank You!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started