11. In 2018, Southwest Airlines had negative net working capital of $(1,220) million and current assets of $4,456 million. The firm's current liabilities are: A) $4,533 million B) $5,676 million C) $1,220 million D) $5,236 million E) There is not enough information to calculate the amount 12. Mattel Inc.'s 2017 financial statements show operating profit before tax of $1,168,103, net income of $903,944, provision for income taxes of $195,184 and net nonoperating expense before tax of $68,975. Assume Mattel's statutory tax rate for 2017 is 37%. Mattel's 2017 tax shield is A) $ 43,454 B) $ 25,521 C) $ 264, 159 D) $ 238,638 E) None of the above 13. The fiscal 2018 financial statements of Baker Hughes Inc. shows net operating profit margin (NOPM) of 5.59%, net operating asset turnover (NOAT) of 1.06, return on equity of 6.30%, and adjusted return on assets of 4.58%. What is the company's nonoperating return (Rounded to the nearest whole percentage)? A) 0.37% B) 0.71% C) 1.45% D) 1.01% E) There is not enough information to calculate the ratio. 14. The fiscal year-end 2018 financial statements for Staples, Inc. report revenues of $23, 114,263, net operating profit after tax of $779,262, net operating assets of $6,752,490. The fiscal year-end 2018 balance sheet reports net operating assets of $6,920,568. Staples 2018 net operating profit margin is: A) 29.2% B) 11.5% C) 3.4% D) 12.7% E) There is not enough information to calculate the ratio. 15. Selected ratios follow for Baker Hughes Inc. for the year ended December 31, 2018 (in millions). What is the company's return on equity (ROE) for the year, using the Dupont Method? Return on net operating assets (RNOA) Net Profit margin (NPM) Net operating profit margin (NOPM) Asset turnover (AT) Financial leverage Ratio (FLR) 5.94% 4.90% 5.59% 0.82 1.57 A) 7.20% B) 7.65% C) 6.31% D) 3.83% E) None of the above