Select one of the following companies:

Southwest Airlines Delta Airlines United Airlines AirTran Continental Airlines

Go to http://money.com or http://finance.yahoo.com and enter the company symbol and then find the financial statements. For your company, analyze the liability section of the balance sheet. For each liability, write a short description. Use information from the notes to help you. Then, calculate the debt-to-equity ratio for the current year with the available information. What tentative conclusions can you draw about the debt position of your airline? Do owners or creditors have more claims on the companys assets? How can you tell? What types of financial risks apply to your company?