American airline 1 0 k report 2 0 2 2 Can you identify American Airlines financial
Question:
American airline k report
Can you identify American Airlines financial statements work as a system by tracing Net
Income from the Income Statement through to the Retained Earnings area of the Statement of
Retained Earnings Shareholders Equity and then through to the Equity section of the Balance
Sheet? Provide the numbers to these tracings, if you can.
Use American Airlines Income Statement to do the following:
a Is your company profitable? Is there any identifiable trend in this profitability over the
years presented?
b Is your company growing its Revenues? Is there any identifiable trend in this growth
over the years presented?
c Calculate Gross Margin, Operating Margin, and Net Profit Margin for your company for
the years presented. Is there any identifiable trend in these margins over the years
presented?
d Identify any expenses that have changed significantly over the years presented?
e Identify any potentially nonrecurring revenues or expenses that are separately
identified in your companys Income Statement.
f Calculate your companys Effective Tax Rate for each year presented.
g Does your companys Earnings per Share calculations track with reported Net Income
for each year presented? If not, can you discuss why not?
h Use the companys Management Discussion & Analysis MD&A to help explain any of
the items calculated or determined above
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill