2016 2015 Sales $5,000 0 $4,000 0 Operating costs excluding depreciation 4,000 0 3,400 0 Depreciation and amortization 114 0 104 0 Earnings before interest and taxes $886 0 $ $496 0 Less Interest 108 0 86 0 D tax income $778 0 $ sain $410 0 Taxes (40 ) 311 2 164 0 31 Net income available to common stockholders $466 8 $246 0 Common dividends $420 0 $197 0 Rhodes Corporation Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $50 0 $40 0 Short term investments 25 0 20 0 Accounts receivable 480 0 400 0 Inventories 884 0 680 0 Total current assets $1,439 0 $1,140 0 Net plant and equipment 1,144 0 1,040 0 Total assets Totalte $2,583 0 $ $2,180 0 Liabilities and Equity Accounts payable $400 0 $320 0 Accruals 288 0 240 0 Notes payable 100 0 80 0 Total current liabilities $ $788 0 $640 0 Long term debt et de 1,000 0 800 0 Total liabilities $1,788 0 $1,440 0 Common stock 674 2 666 0 Retained earnings 120 8 74 0 Total common equity $795 0 $740 0 Total liabilities and equity $2,583 0 $2,180 0 Using Rhodes Corporation's financial statements (shown above), answer the following questions a What is the net operating profit after taxes (NOPAT) for 2016 Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answer to one decimal place s million $ b What are the amounts of net operating working capital for both years Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answers to one decimal place 2016 $ million 2015 $ million c What are the amounts of total net operating capital for both years Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answers to one decimal place 2016 $ million 2015 $ million d What is the free cash flow for 2016 Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answer to one decimal place s $ million e What is the ROIC for 2016 Round your answer to two decimal places 96 1 How much of the FCF did Rhodes use for each of the following purposes after tax interest, net debt repayments, dividends, net stock repurchases, and net purchases of short term investments (Hint Remember that a net use can be negative ) Enter your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answers to one decimal place After tax interest payment $ million Reduction (increase) in debt $ million Payment of dividends $ million Repurchase (Issue) stock million $ $ $ million Purchase (Sale) of short term investments

Question

2016 2015 Sales $5,000 0 $4,000 0 Operating costs excluding depreciation 4,000 0 3,400 0 Depreciation and amortization 114 0 104 0 Earnings before interest and taxes $886 0 $ $496 0 Less Interest 108 0 86 0 D  tax income $778 0 $ sain $410 0 Taxes (40 ) 311 2 164 0 31  Net income available to common stockholders $466 8 $246 0 Common dividends $420 0 $197 0 Rhodes Corporation  Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $50 0 $40 0 Short term investments 25 0 20 0 Accounts receivable 480 0 400 0 Inventories 884 0 680 0 Total current assets $1,439 0 $1,140 0 Net plant and equipment 1,144 0 1,040 0 Total assets Totalte $2,583 0 $ $2,180 0 Liabilities and Equity Accounts payable $400 0 $320 0 Accruals 288 0 240 0 Notes payable 100 0 80 0 Total current liabilities $ $788 0 $640 0 Long term debt et de 1,000 0 800 0 Total liabilities $1,788 0 $1,440 0 Common stock 674 2 666 0 Retained earnings 120 8 74 0 Total common equity $795 0 $740 0 Total liabilities and equity $2,583 0 $2,180 0 Using Rhodes Corporation's financial statements (shown above), answer the following questions a  What is the net operating profit after taxes (NOPAT) for 2016  Enter your answer in millions  For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000  Round your answer to one decimal place  s million $       b  What are the amounts of net operating working capital for both years  Enter your answer in millions  For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000  Round your answers to one decimal place  2016 $ million 2015 $ million c  What are the amounts of total net operating capital for both years  Enter your answer in millions  For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000  Round your answers to one decimal place  2016 $ million 2015 $ million d  What is the free cash flow for 2016  Enter your answer in millions  For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000  Round your answer to one decimal place  s $ million e  What is the ROIC for 2016  Round your answer to two decimal places  96 1  How much of the FCF did Rhodes use for each of the following purposes  after tax interest, net debt repayments, dividends, net stock repurchases, and net purchases of short term investments  (Hint  Remember that a net use can be negative ) Enter your answer in millions  For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000  Round your answers to one decimal place  After tax interest payment $ million Reduction (increase) in debt $ million Payment of dividends $ million Repurchase (Issue) stock million $ $ $ million Purchase (Sale) of short term investments

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Question

2016 2015 Sales $5,000.0 $4,000.0 Operating costs excluding depreciation 4,000.0 3,400.0 Depreciation and amortization 114.0 104.0 Earnings before interest and taxes $886.0 $ $496.0 Less

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