\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{l} Southwest Airlines Co. \\ Balance Sheet (partial) \\ December 31 \\ (in...

60.1K

Verified Solution

Question

Accounting

image
image
image
\begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{\begin{tabular}{l} Southwest Airlines Co. \\ Balance Sheet (partial) \\ December 31 \\ (in millions) \end{tabular}} \\ \hline & & 2025 & 2024 \\ \hline Total current assets & & $3,336 & $3,423 \\ \hline Noncurrent assets & & 10,300 & 12,615 \\ \hline Total assets & & $13,636 & $16,038 \\ \hline Current liabilities & & $2,780 & $4,890 \\ \hline Long-term liabilities & & 6,480 & 5,190 \\ \hline Total liabilities & & 9,260 & 10,080 \\ \hline Shareholders' equity & & 4,376 & 5,958 \\ \hline Total liabilities and sh & shareholders' equity & $13,636 & $16,038 \\ \hline \end{tabular} Other information: (a) Calculate each of the following ratios for 2025 and 2024

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students