Question

In: Finance

Southwest Airlines Company Consolidated Statement of Income - USD ($) $ in Millions 12 Months Ended...

Southwest Airlines Company

Consolidated Statement of Income - USD ($) $ in Millions

12 Months Ended

12/31/15

12/31/2014

12/31/2013

Please tell me Excel formula for %s in column below in BOLD!!!!

OPERATING REVENUES:

Passenger

$ 18,299

$ 17,658

$ 16,721

103.6%

105.6%

Freight

179

175

164

102.3%

Special revenue adjustment

172

0

0

Other

1,170

772

814

151.6%

Total operating revenues

19,820

18,605

17,699

106.5%

OPERATING EXPENSES:

Salaries, wages, and benefits

6,383

5,434

5,035

117.5%

Fuel and oil

3,616

5,293

5,763

68.3%

Maintenance materials and repairs

1,005

978

1,080

102.8%

Aircraft rentals

238

295

361

80.7%

Landing fees and other rentals

1,166

1,111

1,103

105.0%

Depreciation and amortization

1,015

938

867

108.2%

Acquisition and integration

39

126

86

31.0%

Other operating expenses

2,242

2,205

2,126

101.7%

Total operating expenses

15,704

16,380

16,421

95.9%

Solutions

Expert Solution

The percentages are indicating the 2015 values as a percentage of 2014 values

Hence formula is 2015 value/ 2014 value (Percentage format-One decimal place)

Formula for 105.6% is 2014 value/ 2013 value


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