Question: Southwest Airlines Co . Balance Sheet ( partial ) December 3 1 ( in millions ) 2 0 2 5 2 0 2 4 $

 Southwest Airlines Co. Balance Sheet (partial) December 31(in millions) 2025 2024
Southwest Airlines Co. Balance Sheet (partial)
December 31(in millions)
2025
2024
$4,706
$4,230
Total current assets
12.310
10,700
Noncurrent assets
$17016
$14.930
Total assets
$4.525
$2.820
Current liabilities
5.200
6520
Long-term liabiities
9.340
9,725
Total liabilities
7,291
5.590
Shareholders' equity
$17016
$14,930
Total liabiities and shareholders' equity
2024
2025
$550
Net income loss)
$195
100
440
Income tax expense
Interest expense
135
Cash provided by operations
(1,455
28151.350
Capital expenditures
945
Cash dividends
15
(a) Calculate each of the following ratios for 2025 and 2024.
2025
2024
Current ratio (Round answers to 2 decimal placeseg. 6.25:1)
Debt to assets ratio (Round answers to 0 decimal places, e.g.62%)
Times interest earned (Round answeers to 2
times
decimal places, eg.6.25)
times
$4,706 $4,230 Total current assets 12.310 10,700 Noncurrent assets $17016 $14.930 Total

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