ELION Emirates 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 $420,000 220,000 76,000 190,000 455,000 795,000 5,544,000 2019 $400,000 205,000 72,000 182,000 440,000 1,700,000 5,500,000 2018 $380,000 195,000 69,000 173,000 395,000 555,000 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. **. The operating property turnover for 2020, 2019, and 2018. Note. Show your calculations clearly. sy???????? 11 For the toolbar, press ALT+F10 (PQor ALT+FN+F10 (Mac). B I , U Paragraph Arial V 10pt : Ev Av 2 < I. ABC x2 X 2 T?ic – = = = E BE ex Π Ω Θ HI FH HE T 6)

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