question archive 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
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
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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 c. The operating property turnover for 2020, 2019, and 2018 Note: Show your calculations clearly,
