1) Quality balance sheet assessment of Southwest Airlines. Please include a review of the current assets and liabilities and appropriate liquidity ratios, the capital structure, and the fixed and intangible asset accounting of the company. Also, please touch on such as leases and contingent liabilities. Please also do a balance sheet assessment of a similar low cost air carrier such as Jet blue or Spirit airlines and make comparisons and evaluations regarding liquidity ratios, capital structure, etc.2) You performed a cash flow analysis of SW for meâ¦can you also do a brief comparison for the same airline that you decide to do the balance sheet as requested above. This does not have to be extremely detailed; just need to make some valuable observations and comparisons between the two companies from a cash flow/ cash management perspective.