Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Etihad Airways had the following results for the last two years: (in thousands of dollars) Required a. Calculate the following for 2020

image text in transcribed

Question 1 Etihad Airways had the following results for the last two years: (in thousands of dollars) Required a. Calculate the following for 2020 and 2019: 16 marks] 1. Operating ratio 2. Long-term debt to operating property 3. Operating revenue to operating property. b. Comment on trends found in the ratios computed in (a). [3 marks] c. Comment on the passenger load factor. [1 mark Item 2020 2019 Operating expenses 3,100,000 2,960,000 Operating revenues 3,780,000 3,340,000 Long-term debt 1,820,000 1.790,000 Operating property 1,950,000 1,950,000 Passenger load factor 66.50% 57.80% No. 2020 2019 1. 2 3.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Human Resource Management

Authors: Jean M. Phillips, Stanley M. Gully

1st edition

1111533555, 978-1111533557

More Books

Students also viewed these Accounting questions

Question

What is commercial paper? AppendixLO1

Answered: 1 week ago

Question

What is a secured loan? AppendixLO1

Answered: 1 week ago