(Answered) A condensed balance sheet for southwest airlines and a

Accounting

A condensed balance sheet for Southwest Airlines and a partially completed vertical analysis are presented below.

Required:

1. Complete the vertical analysis by computing each line item (a)(c) as a percentage of total assets. Round to the nearest whole percentage.

2. What percentages of Southwest’s assets relate to inventory of parts and supplies versus property and equipment? Which of these two asset groups is more significant to Southwest’s business?

3. What percentage of Southwest’s assets is financed by total stockholders equity? By total liabilities?

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