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Calculate the operating ratio and comment on the trend

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Reference no: EM131644685

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

                                    2011 2010

Operating revenues $624,000 $618,000

Operating expenses $625,000 $617,000

Operating Property $365,000 $360,000

Long-term debt $280,000 $270,000

Estimated passenger miles 7,340,000 7,600,000

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?

Reference no: EM131644685

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