JS Kimmel, Accounting, 7e Help System Announcements SOUTHWEST AIRLINES CO. Balance Sheet (partial) December 31 (in millions) 2022 $2,820 10,700 $13,520 2021 Total current assets Noncurrent assets $4,700 12,310 $17,010 Total assets Current liabilities Long-term liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity $2,820 6,520 9,340 4,180 $13,520 $4,525 5,200 9,725 7,285 $17,010 Other information: 2022 $ 185 2021 $ 550 100 440 Net income (loss) Income tax expense Interest expense Cash provided by operations Capital expenditures Cash dividends 135 (1,455) 945 125 2,815 1,350 15 17 (a) Calculate each of the following ratios for 2022 and 2021. CALCULATOR PRINTER S Net income (loss) Income tax expense Interest expense Cash provided by operations Capital expenditures Cash dividends 2022 $ 185 100 135 (1,455 ) 945 15 2021 $ 550 440 125 2,815 1,350 17 (a) Calculate each of the following ratios for 2022 and 2021. 2022 X $ 1. Current ratio (Round answers to 2 decimal places, e.g. 6.25:1.) 2. Free cash flow (Enter negative amounts using either a negative sign preceding the number -45 or parenthesis e.g. (45).) 3. Debt to assets ratio (Round answers to o decimal places, e.g. 62%.) 4. Times interest earned (Round answers to 2 decimal places, e.g. 6.25.) Click if you would like to Show Work for this question: Open Show Wor 96 times LINK TO TEXT LINK TO VIDEO Question Attempts: 1 of 2 used SAVE FOR LATER HD A DOLL