Calculate the operating ratio and comment on the trend- the, Financial Management

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Calculate the operating ratio and comment on the trend- the

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

Required

Calculate the following for 2011 and 2010:

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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Financial Management: Calculate the operating ratio and comment on the trend- the

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