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5. EPS P12-7 Using Financial Reports: Interpreting Financial Statement Information and Analyzing an Interpreting Ratios...

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5. EPS P12-7 Using Financial Reports: Interpreting Financial Statement Information and Analyzing an Interpreting Ratios (AP12-5) WestJet Airlines Ltd. was founded in 1996 by a team of Calgary entrepreneurs and as of December 31, 2015, has grown from serving five western Canadian destinations with three aircraft to serving more than 100 destinations in North America, Central America, and the Caribbean with 140 aircrat WestJet's financial statements for 2015 and 2014 and excerpts from selected notes to its financial statements are shown below: es CONSOLIDATED STATEMENTS OF FINANCIAL POSITION WestJet Airlines Ltd. December 31, 2015 and 2014 (stated in thousands of Canadian dollars) Note 2015 2014 Assets Current assets: Cash and cash equivalents Restricted cash Accounts receivable Prepaid expenses, deposits, and other Inventory Assets held for sale 4 $1,183,797 68,573 82,136 131,747 36,018 $1,358,071 58,149 54,950 144,192 36,658 78,306 1,730,326 17 17 17 1,502,271 Non-current assets: Property and equipment Intangible assets Other assets 6 3,473,262 63,549 89,942 $5,129,024 2,793,194 60,623 62.290 $4,646,433 17 Total assets

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