e) Based on the given information, provide your ratios analyses and interpret your results for the firm's performance.

f) Provide the common size statements for both Balance Sheet and Income Statement. What kind of noticeable pattern you may identify for the firm? Is this usual for the airline industry?

Balance Sheet (in millions)

2014 20152016

Assets

Cash 3010 473

Marketable securities 1001000

Accounts Receivable920 150800

Inventory710178450

Plant, Building, and Equipment's (net)87218021209

Investments in affiliates030329

Total Assets 263222703261

Liabilities

Short-term debts 107 930

Advances from customers 11134134

Accounts payable 85192771

Interest payable 759862

Tax payable 127147128

Other Accrued Expenses 201535

Bonds payable 925 486750

Stockholders' Equity

Common stock 102110551175

Additional paid-in capital 7415647

Retained earning 87 78129

Total liabilities and equities 263222703261

Income Statement(in millions)

2014 20152016

Net Sales329634183983

Cost of Goods Sold211519792510

Selling and General Expenses700812759

Depreciation Expense160298284

Interest Expense90 109121

Income Tax Expense195137254

Net Income 36 8355