- Are my answers right? Accounting

Computing and Interpreting Key Ratios Assume the data presented below are from the financial statements of JetBlue and Southwest Airlines. Jet Blue Southwest ($ millions) Airways Airlines Total Liabilities, 2013 $9,226 Total Liabilities, 2012 5,003 8,815 Total Assets, 2013 6,593 15,463 Total Assets, 2012 6,549 14,269 Revenue, 2013 3,779 12,104 Net Income, 2013 97 459 $4.939 Required a. Compute the return on equity ratio for JetBlue and Southwest for 2013. (Round your answer to one decimal place.) JetBlue Airways 5.9 % Southwest Airlines 7.4 % Which company earned the higher return for its shareholders? Southwest Airlines b. Compute the debt-to-equity ratio for each company as of December 31, 2013. (Round your answer to one decimal place.) JetBlue Airways 2.9 Southwest Airlines 1.4 Which company relies more on creditor financing? Jet Blue Airways c. For each firm, compute net income as a percentage of revenue in 2013. (Round your answer to one decimal place.) JetBlue Airways 2.6 % Required a. Compute the return on equity ratio for JetBlue and Southwest for 2013. (Round your answer to one decimal place.) JetBlue Airways 5.9 % Southwest Airlines 7.4 % Which company earned the higher return for its shareholders? Southwest Airlines b. Compute the debt-to-equity ratio for each company as of December 31, 2013. (Round your answer to one decimal place.) JetBlue Airways 2.9 Southwest Airlines 1.4 Which company relies more on creditor financing? Jet Blue Airways c. For each firm, compute net income as a percentage of revenue in 2013. (Round your answer to one decimal place.) JetBlue Airways 2.6 % Southwest Airlines 3.8 %