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From Scenario Questions, Prather, p. 532, number 4: Given the following financial information from a hypothetical airport, complete questions 1 and 2: Current Assets $300,526,887
From Scenario Questions, Prather, p. 532, number 4: Given the following financial information from a hypothetical airport, complete questions 1 and 2: Current Assets $300,526,887 Fixed Assets $1,537,558,689 Accumulated Depreciation $399,987 Current Liabilities $289,668,983 Noncurrent Liabilities $1,210,558,325 Operating Expenses $1,800,669 Maintenance Expenses $431,698 Operating Revenue $32,558.559 Non-operating Revenue $5,000,689 Bond Principal Reserves $2,589,332 Annual Debt Service $358,611 1. Calculate the following ratios: Return on Assets Ratio Current Ratio Operating Ratio Net Take-Down Ratio Debt-to-Asset Ratio Debt Service Safety Margin 2. Interpret these ratios to explain and project the financial strength of this hypothetical airport
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