delta air lines one of the world rsquo s largest airlines provides passenger and car 549682
EX 8-27 Cash to monthly cash expenses ratio
Delta Air Lines, one of the world’s largest airlines, provides passenger and cargo services throughout the United States and the world. Delta reported the following financial data (in millions) for the year ended December 31, 2008:
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delta air lines one of the world rsquo s largest airlines provides passenger and car 549682
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|
Net cash fl ows from operating activities |
$(1,7 07) |
|
Cash and cash equivalents, December 31, 2008 |
4,255 |
a. Determine the monthly cash expenses. Round to one decimal place.
b. Determine the ratio of cash to monthly cash expenses. Round to one decimal place.
c. Based on your analysis, do you believe that Delta will remain in business?
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