The following is selected financial information from WestJets Balance Sheet as at December, 31, 2014 and 2013.

Question:

The following is selected financial information from WestJet€™s as at December, 31, 2014 and 2013. Calculate the debt to equity ratio for 2014 and 2013 (round to two decimal places). Comment on the change.
(Numbers in thousands) 2014 2013 Current liabilities 1,338,301 1,406,460 Non-current liabilities 1,530,630 1,147,163 Sha

(Numbers in thousands) 2014 2013 Current liabilities 1,338,301 1,406,460 Non-current liabilities 1,530,630 1,147,163 Sha

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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