Please use the table to provide solutions for the adjustments. Compute for the following ratios using the unadjusted and the adjusted numbers for each year. Round ROE, RNOA, and NOPM to one decimal placeRound NOAT and FLEV to two decimal places Use negative signs with answers when appropriate 2013 2014. &. 2015 Unadjusted Adjusted ROERNOANOPMNOATFLEV

Use the information provided below for Southwest Airlines to answer the requirements. $ millions 2013 2014 2015 Net operating assets (NOA) $ 7,670 $ 7,145 $ 8,151 Net nonoperating obligations (332) (296) - 127 (NNO) Total stockholders' equity 8,002 7,441 8,024 Net nonoperating expenses 152 151 139 (NNE) Net operating profit after tax 906 1,287 2,320 (NOPAT) Net income 754 1,136 2,181 Revenue 20,365 21,271 22,486 Below are the adjustments that analysts would use to account for Southwest's operating leases as if they were capitalized. Adjustments are based on present value of Southwest's operating leases for fiscal years 2013-2015. Balance Sheet Adjustments 2013 2014 2015 ($ millions) Net operating assets (NOA) +3,267 +4,244 +3,188 Net nonopera perating obligations +3,267 +4,244 +3,188 (NNO) Equity 0 0 0 Income Statement 2013 2014 2015 Adjustments ($ millions) Interest expense +129 +167 +126 Net nonoperating expense, +81 +105 +79 NNE Net operating profit after tax, +81 +105 +79 NOPAT Net income 0 0