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ssume the data presented below are from the financial statements of JetBlue and Southwest Airlines. ($ millions) Jet Blue Airways Southwest Airlines Total Liabilities, 2013

ssume the data presented below are from the financial statements of JetBlue and Southwest Airlines.

($ millions) Jet Blue Airways Southwest Airlines
Total Liabilities, 2013 $4,059 $10,326
Total Liabilities, 2012 5,003 8,815
Total Assets, 2013 6,593 15,463
Total Assets, 2012 6,549 14,269
Revenue, 2013 3,779 12,104
Net Income, 2013 237 629

Required a. Compute the return on equity ratio for JetBlue and Southwest for 2013. (Round your answer to one decimal place.) JetBlue Airways Answer% Southwest Airlines Answer% Which company earned the higher return for its shareholders? AnswerSouthwest AirlinesJet Blue Airways b. Compute the debt-to-equity ratio for each company as of December 31, 2013. (Round your answer to one decimal place.) JetBlue Airways Answer Southwest Airlines Answer Which company relies more on creditor financing? AnswerSouthwest AirlinesJet Blue Airways c. For each firm, compute net income as a percentage of revenue in 2013. (Round your answer to one decimal place.) JetBlue Airways Answer% Southwest Airlines Answer%

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