(Answered) Question - data from the financial statements of jetblue

Accounting

Question - Data from the financial statements of JetBlue Airways and Southwest Airlines are presented below.

Total Liabilities, December 31, 2010	$5,039	$9,526
Total Liabilities, December 31, 2009	5,003	8,815
Total Assets, December 31, 2010	6,593	15,463
Total Assets, December 31, 2009	6,549	14,269
Revenue, 2010	3,779	12,104
Net Income, 2010	197	559

Required -

a. Compute the return on equity ratio for JetBlue and Southwest for 2010. Which company earned the higher return for its shareholders?

b. Compute the debt-to-equity ratio for each company as of December 31, 2010.

c. For each firm, compute net income as a percentage of revenue in 2010.

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