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Experience 2. The Real World EDGAR: Delta Airlines (ticker: DAL) and Southwest Airlines (ticker: LUV) Visit www.sec.gov and search for the annual reports (10-K) of Delta and Southwest for the year ended December 31, 2022, using EDGAR Locate the balance sheet and income statement of each company Required 1. Calculate the current ratio and acid-test ratio for both companies. Which company has a greater liquidity risk? 2. Calculate the times interest earned ratio and the debt to equity ratio for both companies. Which company has greater solvency risk? When calculating the times interest earned ratio for Delta, use the "Interest expense, net" for the value of interest expense in the ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the current ratio and add-test ratio for both companies. Which company has a greater liquidity risk? Note: Round your answers to 2 decimal places. Southwest 0501 Acid test ra 0251 Of the two companies Southwest has greater liquidity risk Required Required 2>

Experience 2. The Real World EDGAR: Delta Airlines (ticker: DAL) and Southwest Airlines (ticker: LUV) Visit www.sec.gov and search for the annual reports (10-K) of Delta and Southwest for the year ended December 31, 2022, using EDGAR Locate the balance sheet and income statement of each company Required 1. Calculate the current ratio and acid-test ratio for both companies. Which company has a greater liquidity risk? 2. Calculate the times interest earned ratio and the debt to equity ratio for both companies. Which company has greater solvency risk? When calculating the times interest earned ratio for Delta, use the "Interest expense, net" for the value of interest expense in the ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the current ratio and add-test ratio for both companies. Which company has a greater liquidity risk? Note: Round your answers to 2 decimal places. Southwest 0501 Acid test ra 0251 Of the two companies Southwest has greater liquidity risk Required Required 2>

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1SEB
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Experience 2. The Real World EDGAR: Delta Airlines (ticker: DAL) and Southwest Airlines (ticker: LUV) Visit www.sec.gov and search for the annual reports (10-K) of Delta and Southwest for the year ended December 31, 2022, using EDGAR Locate the balance sheet and income statement of each company Required 1. Calculate the current ratio and acid-test ratio for both companies. Which company has a greater liquidity risk? 2. Calculate the times interest earned ratio and the debt to equity ratio for both companies. Which company has greater solvency risk? When calculating the times interest earned ratio for Delta, use the "Interest expense, net" for the value of interest expense in the ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the current ratio and add-test ratio for both companies. Which company has a greater liquidity risk? Note: Round your answers to 2 decimal places. Southwest 0501 Acid test ra 0251 Of the two companies Southwest has greater liquidity risk Required Required 2>
Transcribed Image Text:Experience 2. The Real World EDGAR: Delta Airlines (ticker: DAL) and Southwest Airlines (ticker: LUV) Visit www.sec.gov and search for the annual reports (10-K) of Delta and Southwest for the year ended December 31, 2022, using EDGAR Locate the balance sheet and income statement of each company Required 1. Calculate the current ratio and acid-test ratio for both companies. Which company has a greater liquidity risk? 2. Calculate the times interest earned ratio and the debt to equity ratio for both companies. Which company has greater solvency risk? When calculating the times interest earned ratio for Delta, use the "Interest expense, net" for the value of interest expense in the ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the current ratio and add-test ratio for both companies. Which company has a greater liquidity risk? Note: Round your answers to 2 decimal places. Southwest 0501 Acid test ra 0251 Of the two companies Southwest has greater liquidity risk Required Required 2>
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