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Got these questions wrong about debt to equity ratio and so on but don't understand how they are incorrect. Could someone explain this for me?
Got these questions wrong about debt to equity ratio and so on but don't understand how they are incorrect. Could someone explain this for me? The rest of the question just says round to 1 decimal place.
Business Course Return to course Question 3 Partially correct Mark 1.25 out of 5.00 P Flag question Computing and Interpreting Key Ratios Data presented below are from the financial statements of JetBlue Airways and Southwest Airlines. Jet Blue Southwest ($ millions) Airways Airlines Total Liabilities, 2017 $1,108 $13,973 Total Liabilities, 2016 1,444 14,845 Total Assets, 2017 9,781 25,110 Total Assets, 2016 9,323 23,286 Revenue, 2017 7,015 21,171 Net Income, 2017 1,147 3,488 Required a. Compute the return on equity ratio for JetBlue and Southwest for 2017. (Round your answer to one decima JetBlue Airways 13.2 X % * % Southwest Airlines 31.3 Which company earned the higher return for its shareholders? Southwest Airlines - ECO Business Course Return to course a. Compute the return on equity ratio for JetBlue and Southwest for 2017. (Roun JetBlue Airways 13.2 X % Southwest Airlines 31.3 X % Which company earned the higher return for its shareholders? Southwest Airlines b. Compute the debt-to-equity ratio for each company as of December 31, 2017. (R JetBlue Airways 12.8 X Southwest Airlines 125.5 Which company relies more on creditor financing? Jet Blue Airways c. For each firm, compute net income as a percentage of revenue in 2017. (Round you JetBlue Airways 16.3 X % Southwest Airlines 16.5 96Step by Step Solution
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