MBA 2-4 Common-sized income statements Southwest Airlines Co. (LUV) provides passenger services throughout the United Sates, Mexico, Jamaica, The Bahamas. Aruba. and the Dominican Republic. The following operating data (in millions) were adapted from recent financial statements of Southwest.
Prepare common-sized income statements for Years 1 and 2. Round to one decimal place.
Using your answer to (1), analyze and comment on the performance of Southwest in Year 2.
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- Quick ratio The Gap Inc. (GPS)operates specialty retail stores under such brand names as GAP, Old Navy, and Banana Republic. The following asset and liability data (in millions) were adapted from recent financial statements. Compute quick assets for Years 2 and 1.arrow_forwardQuick ratio American Eagle Outfitters Inc. (AEO) operates specialty retail stores, selling clothing such as denim, sweaters, t-shins, and fleece outerwear that targets 15 to 25 year old men and women, that targets 15 to 25 year old men and women. The following asset and liability data (in millions) were adapted from recent financial statements. Compute quick assets for Years 2 and 1.arrow_forwardReturn on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): Using your answers to MBA 1-3, compare the markup percentages and return on assets for Hershey and Tootle Roll.arrow_forward
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