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Category > Business & Finance Posted 29 Jul 2017 My Price 8.00

Local Airways had the following results in the past two years:

Local Airways had the following results in the past two years:

 

2009

2008

Operating revenues

624,000

618,000

Operating expenses

625,000

617,000

Operating property

365,000

360,000

Long-term debt

280,000

270,000

Estimated passenger miles

7,340,000  

7,600,000  

Required Calculate the following for 2009 and 2008:

a. The operating ratio and comment on the trend.

b. The long-term debt to operating property ratio. What does this tell about debt use?

c. The operating revenue to operating property and comment on the trend.

d. The revenue per passenger mile. What has caused this trend?

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Status NEW Posted 29 Jul 2017 03:07 PM My Price 8.00

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