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I chose GROSS PROFIT RATE. all of these questions involve gross profit rate of delta airlines.
Be sure to answer those questions thoroughly! - What is the name and formula of the ratio according to our text?
- Using the data provided, write out the formula and result for the three most recent yearsfor your selected company. Include the name of the company. Don't verbally discuss the ratio calculation.
- Did the ratio increase/decrease/stay the same over the last three years? Explain the meaning.
\begin{tabular}{|c|c|c|c|c|c|} \hline Ratios & Consolidated Balance Sheets & \multicolumn{3}{|c|}{ Consolidated Statements of Oper } & per \\ \hline \multirow{2}{*}{\multicolumn{2}{|c|}{ Censelidated Statements of Operations - USD (S) 5 in Milisiens }} & \multicolumn{3}{|c|}{12 Months Ended } & \multirow[b]{2}{*}{ Dec. 31.2019} \\ \hline & & Dec. 31,2022 & Dec. 51.2021 & Dec. 31,2020 & \\ \hline \multicolumn{6}{|l|}{ Pakcenger: } \\ \hline Total passenger & enue & 40.218 & 22,519 & 1283 & 42.277 \\ \hline Cargo & & 1,050 & 1,032 & 608 & 753 \\ \hline Other & & 9314 & 6,348 & 3,604 & 3,977 \\ \hline Total operating & ense & 50,582 & 29,899 & 17.095 & 47,007 \\ \hline \multicolumn{6}{|c|}{ Operating Expesce: } \\ \hline Salarics and rela & cesats & 11,902 & 9,728 & 8,754 & 11.225 \\ \hline Aircraft fuel and & lated taxes. & 11,482 & 5,653 & 3,176 & R,519 \\ \hline Regonal carriet & xpense & 2,081 & 5,693 & 2.479 & 3,584 \\ \hline Depreciation an & mortiration & 2.107 & 1,998 & 2.312 & 2,581 \\ \hline Contracted serv: & & 3.345 & 2,430 & 1,778 & 2.641 \\ \hline Aircraft mainter & ce materials and outside repain: & 1,982 & 1,201 & 822 & 1.751 \\ \hline Passenger comm & ions and other selling expenses & 1.891 & 953 & 582 & 1,993 \\ \hline Landing fees an & dher teess & 2.181 & 2,019 & 1518 & 1.762 \\ \hline Paksenger servik & & 1.453 & 756 & 523 & 1.251 \\ \hline Profit waring & & 563 & 108 & 0 & 1,643 \\ \hline Aireraft vent & & 50x & 410 & 399 & 423 \\ \hline Restructuring sh & & -124 & -19 & 8.219 & 0 \\ \hline Govemment yra & recovenition & 0 & 4,512 & 3,946 & 0 \\ \hline Otber & & 7580 & 1,405 & 2.948 & 3016 \\ \hline Total epsiatine & ense & 46.921 & 2x,013 & 29,564 & 40,359 \\ \hline Operating lacon & & 3,061 & 1.KM6 & -12.469 & 6,618 \\ \hline \multicolumn{6}{|c|}{ Nen-Operating Expense! } \\ \hline Interest experese & & 1,020 & -1.279 & 2920 & -101 \\ \hline Impairments and & quity mcthod losses & +20 & -337 & 2.432 & +2 \\ \hline Uneratined gain & tos en investments, net & 72 & 46 & -105 & 119 \\ \hline Miscelleseon. & & 85 & 72 & 348 & .176 \\ \hline Total not-opsrai & expense, net & -1.747 & 1,48KB & 3,11k & -420 \\ \hline Income before & vens Twes & 1,914 & 398 & 15.57 & 6.196 \\ \hline Inoome Tax Pro & & -596 & -118 & 3,202 & 1,431 \\ \hline Net Icae & & 51,318 & & 5(12,158) & 54,767 \\ \hline Bave Earming & Share (USS per thare) & 52.07 & 50.44 & 5(10.49) & 5.32 \\ \hline Diluted tarning & er Sharv (USS per share) & 2.06 & 0.44 & (19.49) & 7,30 \\ \hline Cash Dividends & clared for Share (USs per share) & 5000 & 5000 & 50.40 & 5131 \\ \hline \end{tabular} Consolidated Statements of Cas \begin{tabular}{|c|c|c|c|c|} \hline Consolidated Balance Sheets & Consolidated Stater & nents of e & per & onsolidate \\ \hline Consolidated Balance Shests - USD (S) 5 in Malliens & Dec, 31,2022 & Dee, 31.2021 & Dat, 31, 2020 & Dec. 31.2019 \\ \hline \\ \hline Cash and cash cquivalents & $3,266 & 87,933 & 58,307 & $2.882 \\ \hline Shon-tems investments & 3,268 & 3,386 & 5,789 & 0 \\ \hline Aecounts feceivahle, nes of ae allowathe for uncollectihle aceorets & 3,176 & 2,404 & 1,394 & 2.854 \\ \hline Fuel imventory & 1.424 & 1,098 & 377 & 730 \\ \hline Expentable parts and supplies inventories. net of an allowance for oboulescence & 0 & 0 & 355 & 521 \\ \hline Prepaid expenses aed other & 1.877 & 1,119 & 1,150 & 1,262 \\ \hline Total curtent aksets & 13811 & 15,940 & 17,404 & 8.249 \\ \hline \multicolumn{5}{|l|}{ Property and Equipment. Net: } \\ \hline Froperty and equipenent, net of accumulated depreciation and amortization & 33,109 & 28,749 & 26,529 & 31,310 \\ \hline \multicolumn{5}{|l|}{ Other Assets: } \\ \hline Operating lease riphe-of-use awets & 7,036 & 7,237 & 5,733 & 5,627 \\ \hline Goodwill & 9.753 & 9.753 & 9.753 & 9.71 \\ \hline Identifiable intaneibles, net of accumalated amortization & 5.992 & 6.001 & 6.011 & 5.163 \\ \hline Cash ecstricted foe airport construction & 0 & 473 & 1,556 & 656 \\ \hline Defericd incoene taxes, net & 325 & 1.294 & 1,95 & 120 \\ \hline Other Eoncurient asscts & 3,062 & 3.012 & 3,022 & 3,646 \\ \hline Total other assets & 26.168 & 27,770 & 28,063 & 24.973 \\ \hline Total assets & 72.28 & 72,459 & 71,996 & 64.532 \\ \hline \multicolumn{5}{|l|}{ Curreat Liabitities! } \\ \hline & 3,073 & 2,455 & 2,410 & 3.08k \\ \hline Air traffic liability & 8.160 & 6,228 & 4,044 & 5,116 \\ \hline Accounts payable & 5.106 & 4240 & 2,840 & 3.266 \\ \hline Accrued salaries and related benefits & 3,288 & 2,457 & 2,06 & 3,701 \\ \hline Frequent flyer defenral nevenue & 3,434 & 2,710 & 1,777 & 3,219 \\ \hline Fued catd oblization & 1,100 & 1,100 & 1,100 & 736 \\ \hline Other accrued liabilitios & 1.779 & 1.746 & 1,670 & 1.078 \\ \hline Total curreat labilities & 25,940 & 20,966 & 15,927 & 20,204 \\ \hline Nencurrent tiabilities: & & & & \\ \hline Lohic-1erm debt and capial keases & 20,671 & 25,138 & 27,425 & 8.873 \\ \hline Nescourent air traffic liability & 100 & 130 & 500 & 0 \\ \hline Fensicen, postretirement and related beseffiss & 3,707 & 6.035 & 10,610 & 8.452 \\ \hline Frequent flyer defened evenue & 4,448 & 449 & 5,408 & 3,509 \\ \hline Deferred income wases, net & 0 & 0 & o & 1.456 \\ \hline Other noncurrum liabilities & 1040 & 11.454 & 10,579 & 6.60 \\ \hline Total mocorenent liabdities & 19,766 & 47,006 & 54,535 & 28,970 \\ \hline Comminmetss and Cestingersies & & & & \\ \hline Sqechlhelders' Equaity: & & & & \\ \hline Common stosk at $0,000t par value: 1,500,000,000 shares auhorised & 0 & 0 & 0 & 0 \\ \hline Adfiticeal paid-in capital & 11526 & 11,447 & 11.259 & 11.129 \\ \hline Reained earning & 1,170 & (14s) & (428) & 12.454 \\ \hline Accumulated other compechensive loss & (5,01) & (7,190) & (9,03x) & (7,959) \\ \hline Treasury stock, at cost. & (3)3) & (2k2) & (259) & (236) \\ \hline Total sockholders' equity & 6.582 & & 1,534 & 15.35x \\ \hline Total liabitinies asd steckholder's' equity & 572.288 & 572.459 & 571,996 & 564.532 \\ \hline & 0 & 0 & o & 0 \\ \hline \end{tabular}
