Airline Industry

Essay specific features

 

Issue:

Business

 

Written by:

Carolyn T

 

Date added:

July 27, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2855

 

Was viewed:

974 times

 

Rating of current essay:

 
Essay content:

The cash ratio was the lowest (.31) in December 1999 and highest (.48) in December 2003. Since the average cash ratio is significantly lower than that of the current ratio, we can see that much of the assets of this firm are in its inventory; this also suggests that its assets can not cover its liabilities...
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When looking at the turnover ratio, we see that the lowest (.57) was in 2002 and the highest (.75) in 2000. These numbers are fairly equivalent to those of the industry. This also shows that the industry has poor asset turnover. Since the number is never above 1, they never make a full dollar in sales...
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