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Spirit Airlines reported the following for 2023: total revenue of $40 million, cost of services of $28 million, operating expenses of $8 million, interest expense
Spirit Airlines reported the following for 2023: total revenue of $40 million, cost of services of $28 million, operating expenses of $8 million, interest expense of $1 million, and tax expense of $1.5 million. The total assets were $50 million, and total liabilities were $20 million.
- Calculate the operating profit margin.
- Determine the net profit margin.
- Compute the interest coverage ratio.
- Determine the debt-to-equity ratio.
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