Base your answers to the following questions on the

financial #125
Base your answers to the following questions on the financial statements of Westjet Airlines Ltd.
in Exhibit 2-14. (Calgary-based Westjet, known for its corporate culture and providing customers
with a user-friendly travel experience, has grown from a small regional airline to one that
provides services throughout Canada and to some international destinations.)a. Calculate the
following ratios for each of the two years presented. (Note that, in order to be able to calculate
these ratios for each of the years, you will have to use the total assets for each year and the
total shareholders' equity for each year in your ratios, rather than average total assets and
average shareholders' equity.)i. Profit margin ratio (use total revenues)ii. Return on assetsiii.
Return on equityb. Comment on Westjet's profitability during 2008 and 2009.View Solution:
Base your answers to the following questions on the financial

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