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American Airlines reported the following financial details for 2023. They had a total revenue of $80 million, with a cost of services amounting to $50
American Airlines reported the following financial details for 2023. They had a total revenue of $80 million, with a cost of services amounting to $50 million. Their operating expenses were $18 million, and they incurred an interest expense of $4 million and a tax expense of $5 million. The total assets of the company stood at $100 million while the total liabilities were $60 million.
- Calculate the gross profit margin.
- Determine the net profit margin.
- Compute the interest coverage ratio.
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