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($ Millions) | JetBlue Airways | Southwest Airlines |
Total liabilities, 2017 | $ 1,108 | $ 13,973 |
Total liabilities, 2016 | $ 1,444 | $ 14,845 |
Total assets, 2017 | $ 9,781 | $ 25,110 |
Total current assets, 2017 | $ 1,206 | $ 4,815 |
Total assets, 2016 | $ 9,323 | $ 23,386 |
Total current assets, 2016 | $ 1,403 | $ 4,498 |
Revenue, 2017 | $ 7,015 | $ 21,171 |
Net income, 2017 | $ 1,147 | $ 3,488 |
(Please show calculations so I know how to do it)
a.) Compute the return on equity ratio for JetBlue and Southwest for 2017. Which Company earned the higher return for its shareholders?
b.) Compute the debt-to-equity ratio for each company as of December 31, 2017. Which company relies more on creditor financing?
Answer & Explanation
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