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Suppose you have been presented with selected information taken from the financial statements of Southwest Airlines Co, shown below. SOUTHWEST AIRLINES CO. Balance Sheet (partial)

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Suppose you have been presented with selected information taken from the financial statements of Southwest Airlines Co, shown below. SOUTHWEST AIRLINES CO. Balance Sheet (partial) December 31 (in millions) 2022 $2.775 2021 $4,250 Total current assets Noncurrent assets 10.250 12,370 Total assets $13.025 $16.620 Current liabilities $2,775 Long-term liabilities 6,475 $4.770 5.210 9.980 Total liabilities 9.250 Shareholders' equity 3.775 6,640 Total liabilities and shareholders' equity $13.025 $16.620 Other information: Other information 2022 $ 155 Net income (loss) 2021 $ 670 355 Income tax expense 115 Interest expense 135 117 Cash provided by operations (1565 2.735 Capital expenditures 1.440 940 15 Cash dividends (a) Calculate each of the following ratios for 2022 and 2021. 2022 2021 Current ratio (Round answers to 2 decimal places, es. 6.25:1.) 1. Free cash flow (Enter negative amounts using either a negative sign preceding the number 45 or parenthesis es. (451) 3. decimal places, Debt to assets ratio (Round answers to es. 62%) Times interest earned (Round answers to 2 decimal places, eg. 6.25.)

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