Using ratios and information given for republic airways holdings inc and subsidiaries, an airline company, analyze the capital structure, long-term solvency, and profitability of republic airways as of 2013. Chapter 5, Problem 5.12 on page 255 in the textbook. Fraser, L.M. and Ormiston, A. (2015). Understanding Financial Statements (11th ed.). Prentice Hall. Financial

Financial Ratios	2013		2012
Leverage
Debt ratio	83.2%		86.0%
Long-term debt to total capital	77.4%		77.3%
Times interest earned (times)	1.7%		1.4%
Cash interest coverage (times)	3.2%		2.8%
Fixed charge coverage (times)	1.3%		1.2%
Cash flow adequacy (times)	30.0%		0.8%
Profitability	14.2%		12.2%
Operating profit margin	2.0%		3.7%
Net profit margin	17.9%		16.0%
Cash flow margin	80.0%		1.4%
Return on assests	4.8%		10.0%
Return on equity	7.4%		6.0%
Cash return on assets
Other infomration
Cashflow from operations (milions of $)	$ 240.6		$ 220.8
Revenues (milions of $)	$ 1,346.5		$ 1,377.4