Southwest Airlines Co. (LUV) provides passenger services chroughout the United States, Mexico, Jamaica, The Bahamas, Aruba, and the Dominican Republic. The folkowing operal- ing data (in millions) were adapted from recent financial statements of Southwest. Yaar 1 Yaar 2 $ 17.69 S 18,605 Revenue. Operating expe: Fuel . Aircraft related 545,29회 S15763) 3411) (5,035) Selling and general. Other expenses. Total operating xpenses Operating income. (5,434) (2331) 3 12 1. Prepare common-sized income statements for Ycars I and 2. Round to one decimal place. 2. Using your anmer to (1), analyae and comment on the performance of Southmest in Year 2.

Southwest Airlines Co. (LUV) provides passenger services chroughout the United States, Mexico, Jamaica, The Bahamas, Aruba, and the Dominican Republic. The folkowing operal- ing data (in millions) were adapted from recent financial statements of Southwest. Yaar 1 Yaar 2 $ 17.69 S 18,605 Revenue. Operating expe: Fuel . Aircraft related 545,29회 S15763) 3411) (5,035) Selling and general. Other expenses. Total operating xpenses Operating income. (5,434) (2331) 3 12 1. Prepare common-sized income statements for Ycars I and 2. Round to one decimal place. 2. Using your anmer to (1), analyae and comment on the performance of Southmest in Year 2.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter3: The Basics Of Record Keeping And Financial Statement Preparation: Income Statement

Section: Chapter Questions

Problem 21P

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