Question: A vertical analysis on the Income Statement utilizing the data for the two most recent years . Consolidated Statements of Income - USD (S) 5
- A vertical analysis on the Income Statement utilizing the data for the two most recent years.

Consolidated Statements of Income - USD (S) 5 in Millions Income Statement [Abstract] REVENUE [1] OPERATING EXPENSES: Salaries and employee benefits Purchased transportation Rentals and landing fees Depreciation and amortization Fuel Maintenance and repairs Business realignment costs Goodwill and other asset impairment charges Other TOTAL OPERATING EXPENSES OPERATING INCOME OTHER (EXPENSE) INCOME: Interest expense Interest income (689) Other retirement plans (expense) income Loss on debt extinguishment Other, net TOTAL OTHER (EXPENSE) INCOME INCOME BEFORE INCOME TAXES PROVISION FOR INCOME TAXES NET INCOME BASIC EARNINGS PER COMMON SHARE DILUTED EARNINGS PER COMMON SHARE 12 Months Ended \begin{tabular}{r|rrr} \hline & \multicolumn{3}{|c|}{ May 31, 2021 } \\ \hline$93,512 & & \\ \hline 32,058 & & 83,959 \\ \hline 24,118 & & 30,173 \\ \hline 4,712 & & 21,674 \\ \hline 3,970 & & 4,155 \\ \hline 5,115 & & 3,793 \\ \hline 3,372 & & 2,882 \\ \hline 278 & & 3,328 \\ & & 116 \\ \hline 13,644 & & 11,981 \\ \hline 87,267 \\ \hline 6,245 & & & \\ \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
