Based on the information below, provide an analysis overview for the historic rations for southwest airlines and the projected ratios.

1- Also explain how the projected ratios compare to the prior year ratios.

2- Explain the importance of this comparison.

Historical Ratios Projected Ratios 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 Current Ratio 2.00 2.00 Current Ratio 1.60 1.70 1.80 Quick Ratio 1.80 1.70 Quick Ratio 1.80 1.70 1.75 Total Debt-to-Total-Assets Ratio 0.26 0.32 Debt-to-Total-Assets Ratio 0.20 0.20 0.20 Total Debt-to-Equity Ratio 2.65 1.03 Debt-to-Equity Ratio 0.70 0.60 0.50 Times-Interest-Earned Ratio -15 5 Times-Interest-Earned Ratio 5 5 5 Inventory Turnover 25.60 28.60 Inventory Turnover 28.00 30.00 30.00 Fixed Assets Turnover 0.50 0.90 Fixed Assets Turnover 1.10 1.05 1.00 Total Assets Turnover 0.45 0.90 Total Assets Turnover 0.90 0.85 0.80 Accounts Receivable Turnover 0 1 Accounts Receivable Turnover NA NA NA Average Collection Period 35.00 29.00 Average Collection Period 30.00 29.95 30.00 Gross Profit Margin % -21% 14% Gross Profit Margin % 25% 30% 32% Operating Profit Margin % -42% 8% Operating Profit Margin % 15% 18% 19% ROA % 10% 3% ROA % 10% 11% 12% ROE % -33% 10% ROE % 20% 25% 40%