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The above table reports various financial ratios for Qantas Airways and Virgin Australia for 2018. Question 1 - Explain why Virgin Australia's ROA is positive,

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The above table reports various financial ratios for Qantas Airways and Virgin Australia for 2018.

Question 1 - Explain why Virgin Australia's ROA is positive, while its ROE is negative?

Return on Equity (ROE) Return on Assets (ROA) Profit Margin Current ratio Debt ratio Qantas Airways 26.14% 5.44% 5.74% 0.49 54.53% Virgin Australia -48.96% 1.74% -12.56% 0.78 70.11%

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