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Subject:AccountingPrice: Bought3
Moving to another question will save this response. Questions Chihi Airways had the following results for 2020, 2019, and 2018. (in thousands) Average total assets Operating property Average total equity Long-term debt Operating expenses Operating revenues Estimated passenger miles 2020 $1,600,000 875,000 295,000 744,000 1,455,000 1,795,000 5,544,000 2019 $1,600,000 845,000 295,000 744,000 1,400,000 1,700,000 5,500,000 2018 $1,600,000 795,000 295,000 744,000 1,295,000 1,555,000 5,250,000 Required: Calculate the following ratios and comment on the trend of calculated ratios: a. The operating ratio for 2020, 2019, and 2018. b. The revenue per passenger mile for 2020, 2019, and 2018. C. The operating property turnover for 2020, 2019, and 2018. Note: Show your calculations clearly. For the toolbar, press ALT+F10 ( Por ALT+FN+F10 Mac)
