Southwest Airlines is a major airline. The following information was taken from its 2008 annual report. As of the end of 2008, Southwest had a cash balance of $1.4 billion. Compute the missing amounts in the following table. Describe and evaluate the company??s cash management activities in each of the three years (dollars inmillions).

Transcribed Image Text:

2008 2009 S 14 200 S 17 148 Cash Accounts receivable Inventory Other current assets Total current assets Current liabilities Current assets minus current liabilities 140 43 $348 126 $222 178 35 $427 164 S263