Answered step by step
Verified Expert Solution
Question
1 Approved Answer
($ millions) Total Liabilities, 2013 Total Liabilities, 2012 Total Assets, 2013 Total Assets, 2012 Revenue, 2013 Net Income, 2013 Jet Blue Southwest Airways Airlines $4.939
($ millions) Total Liabilities, 2013 Total Liabilities, 2012 Total Assets, 2013 Total Assets, 2012 Revenue, 2013 Net Income, 2013 Jet Blue Southwest Airways Airlines $4.939 $9,226 5,003 8,815 6,593 15,463 6,549 14,269 3,779 12,104 97 459 Required a. Compute the return on equity ratio for JetBlue and Southwest for 2013. (Round your answer to one decimal place.) JetBlue Airways 0 % Southwest Airlines 0 % Which company earned the higher return for its shareholders? b. Compute the debt-to-equity ratio for each company as of December 31, 2013. (Round your answer to one decimal place.) JetBlue Airways Southwest Airlines 0 Which company relies more on creditor financing? c. For each firm, compute net income as a percentage of revenue in 2013. (Round your answer to one decimal place.) JetBlue Airways o % Southwest Airlines 0 %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started