Financial Statement Analysis

Complete Chapter 13 – After reviewing the videos provided, go to the SEC Edgar site and download the 2020 financial statements (filed in 2021)for Southwest Airlines for  You are looking for the 10-k and then download the filing to excel.

1.  Perform a horizontal analysis (see video below) 

2.  Perform a vertical analysis (see video below). 

3.  Calculate the following: Current Ratio, Free Cash Flow, Return on Assets

4.   Provide three comments about the trends and financial performance of Southwest Airlines based on your analysis.