Question: Using the balance sheet and income statement please calculate the 2021 ratios below Gross Margin = Gross Profit / Revenue * 100 Earning Margin =


Using the balance sheet and income statement please calculate the 2021 ratios below
Gross Margin = Gross Profit / Revenue * 100
Earning Margin = Net Income / Turnover * 100
Efficiency Ratio = Standard Hours for Actual Production / Actual Hour Worked * 100
Standard Hours for Actual Production = (Flight equipment + Deposits on flight equipment purchase contracts + Assets constructed for others) * Number of flight hours
Actual Hour Worked = Total number of hours worked by employees
For 2022 Efficiency Ratio this is the example given:
Efficiency Ratio = Standard Hours for Actual Production / Actual Hour Worked * 100
= (6855 + 376 + 28) * 12,696 / 108,430 * 100
Financial Statements and Supplementary Data Southwest Airlines Co. Consolidated Statement of Income (Loss) (in millions, except per share amounts)
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