For 2019 JetBlue reported ROE of 9% compared to 23% for Southwest Airlines. The biggest contributor to this difference is that JetBlue had a much lower level of cost per available seat mile. O working capital. O profitability. The detailed analysis of the financial statements of retail chains A (Macy's), B (Kroger), and C (CVS Health) best illustrates the idea that O retail chains carry little cash and near-cash equivalents on their balance sheets compared to other types of businesses different businesses have operating characteristics that can be discerned by way of a thorough investigation of their financial and operating data. drugstores always have a lower return on equity than grocers or department stores Question 21 1 pts CEOs & financial markets usually use the past year's return on equity as the main way to judge strategic performance. Why can this be a problem? O CEO decisions can dramatically improve ROE in the short run. OROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period ROE is only relevant to shareholders, and is not meaningful to those who own a company's bonds Show All 13 ... PIS For 2019 JetBlue reported ROE of 9% compared to 23% for Southwest Airlines. The biggest contributor to this difference is that JetBlue had a much lower level of O cost per available seat mile. working capital. O profitability