Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Above is the Balance Sheet for American Airlines Inc. from 2018 to 2019. Analyze Current Assets, Total Property, Plant, & Equipment, and Total current liabilities

image text in transcribedAbove is the Balance Sheet for American Airlines Inc. from 2018 to 2019. Analyze Current Assets, Total Property, Plant, & Equipment, and Total current liabilities on the balance sheet for your base company that would be important to an investor, and discuss whether your companys performance related to these items appeared to be improving, deteriorating, or remaining stable over the two years. Justify your answer.

The answer should follow two criteria:

  1. The paper states WHETHER the companys performance related to each of the three chosen Balance sheet items improved deteriorated or remained stable between 2018 and 2019

  2. The paper states WHY the companys performance related to each of the three chosen Balance sheet items improved deteriorated or remained stable

2019 2018 $ $ 275 4,485 280 3,546 158 1,750 1.851 154 1,706 1,522 495 8,637 621 8,206 ASSETS Current assets Cash Short-term investments Restricted cash and short-term investments Accounts receivable, net Aircraft fuel, spare parts and supplies, net Prepaid expenses and other Total current assets Operating property and equipment Flight equipment Ground property and equipment Equipment purchase deposits Total property and equipment, at cost Less accumulated depreciation and amortization Total property and equipment, net Operating lease right-of-use assets Other assets Goodwill Intangibles, net of accumulated amortization of $704 and $663, respectively Deferred tax asset Other assets Total other assets Total assets 42,537 9,443 1,674 53,654 (18,659) 34,995 8.737 41.499 8,764 1,278 51,541 (17,443) 34,098 9,151 4,091 2,137 1,145 4,091 2,084 645 1.237 8,057 59,995 1,321 8,694 60,580 $ $ $ $ LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current liabilities Current maturities of long-term debt and finance leases Accounts payable Accrued salaries and wages Air traffic liability Loyalty program liability Operating lease liabilities Other accrued liabilities Total current liabilities 2,861 2,062 1,541 4,808 3,193 1,708 2,138 18,311 3,294 1.773 1.427 4,339 3,267 1,654 2,342 18,096

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions