Local Airways had the following results in the past two years:

Required
Calculate the following for 2009 and 2008:
a. The operating ratio and comment on the trend.
b. The long-term debt to operating property ratio. What does this tell about debt use?
c. The operating revenue to operating property and comment on the trend.
d. The revenue per passenger mile. What has caused thistrend?

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2009 2008 Operating revenues Operating expenses Operating property Long-term debt S624,000 S 618,000 S 625,000 617,000 S 365,000 360,000 S 280,000 270,000 Estimated passenger miles 7,340,000 7,600,000