Please use the information provided from SouthWest Airlines 2019 to answer the following:

Times interest earned ratio; payout ratio; return on common stockholders equity. Please zoom in if needed.

TOOL TO USE FOR DECISION Corporations have limited liability, better capital-raising ability, and professional managers. But they suffer from additional taxes, government regulations, and separation of ownership from management. Payout ratio = Cash dividends declared on common stock Net income Return on common stockholders' equity = Average common stockholders' equity Net income-Preferred dividends Times inerest earned Net income + Interest expense + Income tax expense Interest expense Southwest Airlines Co. Consolidated Balance Sheet (in millions, except share data) December 31, 2019 December 31, 2018 ASSETS Current assets: $ $ 1,854 1.835 Cash and cash equivalents Short-term investments Accounts and other receivables Inventories of parts and supplies, at cost Prepaid expenses and other current assets Total current assets 2,548 1,524 1,086 529 568 287 310 5,974 5,028 21,753 Property and equipment, at cost: Flight equipment Ground property and equipment Deposits on flight equipment purchase contracts Assets constructed for others 21,629 5,672 248 4.960 164 27,713 775 1,768 29,256 9,731 19,525 Less allowance for depreciation and amortization 970 Goodwill Operating lease right-of-use assets Other assets 10,688 17,025 970 1,349 577 25,895 26.243 $ 1,574 1,749 1,416 1,749 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued liabilities Current operating lease liabilities Air traffic liability Current maturities of long-term debt Total current liabilities 353 4.457 819 8.952 7,905 2,771 1.846 1,053 2.364 650 Long-term debt less current maturities Air traffic liability - noncurrent Deferred income taxes Construction obligation Noncurrent operating lease liabilities Other noncurrent liabilities Stockholders' equity: Common stock, 51.00 par value: 2,000,000,000 shares authorized; 807,611,634 shares issued in 2019 and 2018 Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Treasury stock, at cost: 288.547,318 and 255,008,275 shares in 2019 and 2018 respectively Total stockholders' equity 808 808 1.581 17.945 (61 1,510 15,967 20 (10,441 9,832 25,895 (8,452) 9,853 26,243 Southwest Airlines Co. Consolidated Statement of Income (in millions, except per share amounts) Year ended December 31, 2018 2019 2017 OPERATING REVENUES: Passenger Freight S 20.455 S 20,776 172 1,480 22,428 19,763 173 1.210 175 1,335 21,965 Other Total operating revenues 21,146 7,649 8.293 4,347 1.223 7,305 4,076 4.616 1.107 1.001 OPERATING EXPENSES: Salaries, wages, and benefits Fuel and oil Maintenance materials and repairs Landing fees and airport rentals Depreciation and amortization Other operating expenses Total operating expenses 1.363 1.334 1,292 1.218 1.219 1,201 2,852 3,026 2,847 19,471 18,759 17,739 OPERATING INCOME 2,957 3.206 3,407 131 114 118 (36) OTHER EXPENSES (INCOME): Interest expense Capitalized interest Interest income Other (gains) losses, net Total other expenses (income) (69 18 112 42 142 2,957 INCOME BEFORE INCOME TAXES PROVISION (BENEFIT) FOR INCOME TAXES 3,164 699 657 2,300 3,265 (92 3,357 NET INCOME S $ 2,465 S NET INCOME PER SHARE, BASIC 4.28 S 4.30 $ 5.58 NET INCOME PER SHARE, DILUTED S 4.27 S 4.29 S 5.57 Southwest Airlines Co. Consolidated Statement of Comprehensive Income (in millions) Year ended December 31, 2018 2019 2017 S 2,300 S 2,465 S 3,357 53 (26 317 (25) 6 7 NET INCOME Unrealized gain (loss) on fuel derivative instruments, net of deferred taxes of ($16), ($7), and $185 Unrealized gain (loss) on interest rate derivative instruments, net of deferred taxes of ($8), $1, and $4 Unrealized gain (loss) on defined benefit plan items, net of deferred taxes of ($9). $15, and S2 Other, net of deferred taxes of 58, (52), and $5 OTHER COMPREHENSIVE INCOME (LOSS) COMPREHENSIVE INCOME 52 3 (29) 26 (81) 2.219 26 335 S S $ 2.491 S 3,692 Southwest Airlines Co. Consolidated Statement of Stockholders' Equity (in millions, except per share amounts) Common Stock Capital in excess of par value Year ended December 31, 2019, 2018, and 2017 Accumulated other Retained comprehensive earnings income (loss) 10,761 Treasury stock (4.872) Total S 808 1,410 (323) 7,784 (1,600) 10 (1.600) 14 37 (286 3,692 9.641 (286 3,357 13,832 S 808 1,451 S S S (6,462 S " 18 (18) 6 S 808 1,451 13,850 S S (6,462) (2.000) 10 9.641 (2.000) 23 Balance at December 31, 2016 Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.475 per share Comprehensive income Balance at December 31, 2017 (as reported) Cumulative effect of adopting Accounting Standards Update No. 2017-12. Targeted Improvements to Accounting for Hedging Activities (See Note 2 to the Consolidated Financial Statements for additional information) Balance after adjustment for the new accounting standard Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.605 per share Comprehensive income Balance at December 31, 2018 (as reported) Cumulative effect of adopting Accounting Standards Update No. 2016-02, Leases, codified in Accounting Standards Codification 842 (See Note 2 to the Consolidated Financial Statements for additional information) Balance after adjustment for the new accounting standard Repurchase of common stock Issuance of common and treasury stock pursuant to Employee stock plans Share-based compensation Cash dividends, $.700 per share Comprehensive income Balance at December 31, 2019 46 (348) 2.465 (348) 2.491 LITHU66&TELSE 808 1,510 15,967 S S (8,452) 9,853 55 16,022 808 S 1,510 (8,452 (2.000) 11 55 9.908 (2.000) 27 55 (377 2.219 (377 2,300 S 808 1,581 S 17,945 (61) S (10,441) 9,832 Southwest Airlines Co. Consolidated Statement of Cash Flows (in millions) Year ended December 31, 2018 2019 2017 S 2.300 S 2,465 S 3,357 1,219 1,201 1,218 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to cash provided by (used in) operating activities: Depreciation and amortization Boeing 737-300 aircraft grounding charge Unrealized realized gains on fuel derivative instruments Deferred income taxes Changes in certain assets and liabilities: Accounts and other receivables 63 (50) 301 (1,066 117 (102 Other assets 239 (262 506 Accounts payable and accrued liabilities Air traffic liability Other liabilities Cash collateral received from (provided to) derivative counterparties Other, net Net cash provided by operating activities 25 2018 EI18|||| 316 14 (121) (108 3,987 4,893 3,929 (1,922 (1,027 400 (2,123) (54 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Supplier proceeds Assets constructed for others Purchases of short-term investments Proceeds from sales of short-term and other investments Other, net Net cash used in investing activities (2.409 (2.122 2.446 (126) (2.380) 2.221 2.342 5 (303) (2,038 (2,408) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of long-term debt Proceeds from Employee stock plans Reimbursement for assets constructed for others Payments of long-term debt and finance lease obligations Payments of cash dividends Repayment of construction obligation Repurchase of common stock Other, net Net cash used in financing activities (274 11119111@ge (332 (30) (2.000) 3 (2,000) (43) (2.990) (10) (1.600 15 (2.496) (1,706 NET CHANGE IN CASH AND CASH EQUIVALENTS 694 359 (185) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1.854 1,495 1.680 CASH AND CASH EQUIVALENTS AT END OF PERIOD S 2,548 S 1.854 S 1,495 CASH PAYMENTS FOR: Interest, net of amount capitalized Income taxes $ 88 S $ 107 327 $ $ 81 992 $ 779 S 32 S SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS: Flight equipment under finance leases Assets constructed for others Supplier receivables S S S $ 65 428 S S S