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+ Ch. 10 Homework (Graded) Question 2 of 4 - / 1 Current Attempt in Progress Suppose you have been presented with selected information taken from the financial statements of Southwest Airlines Co., shown below. SOUTHWEST AIRLINES CO. Balance Sheet (partial) December 31 (in millions) 2022 Total current assets $2,845 Noncurrent assets 10.950 Total assets $13,795 2021 $4,950 12.305 $17.255 $2.845 Current liabilities Long-term liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity 6,545 9,390 4,405 $13,795 $4.985 5.300 10.285 6,970 $17.255 Other information: Net income (loss) Income tax expense Interest expense Cash provided by operations Capital expenditures Cash dividends 2022 $ 200 110 130 (1,530) 910 20 2021 $ 590 420 119 2.755 1.415 27 (a) Calculate each of the following ratios for 2022 and 2021. 2022 2021 -1 :1 1 2. $ $ Current ratio (Round answers to 2 decimal places, eg. 6.25:1.) Free cash flow (Enter negative amounts using either a negative sign preceding the number -45 or parenthesis e.g. (45).) Debt to assets ratio (Round answers to o decimal places, eg. 62%.) Times interest earned (Round answers to 2 decimal places, e.g. 6.25.) 3. % % 4. times times e Textbook and Media Save for Later Attempts: 0 of 4 used Submit

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