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2018 2017 Sales $9,600.0 $8,000.0 Operating costs excluding depreciation 7,680.0 6,800.0 Depreciation and amortization 229.0 176.0 Earnings before interest and taxes $1,691.0 $1,024.0 Less Interest

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2018 2017 Sales $9,600.0 $8,000.0 Operating costs excluding depreciation 7,680.0 6,800.0 Depreciation and amortization 229.0 176.0 Earnings before interest and taxes $1,691.0 $1,024.0 Less Interest 206.0 172.0 Pre-tax income $1,485.0 $852.0 Taxes (40%) 594.0 340.8 Net income available to common stockholders $891.0 $511.2 Common dividends $802.0 $409.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $123.0 $112.0 Short-term investments 48.0 40.0 Accounts receivable 1,144.0 1,040.0 Inventories 2,112.0 1,760.0 Total current assets $3,427.0 $2,952.0 Net plant and equipment 2,288.0 1,760.0 Total assets $5,715.0 $4,712.0 Liabilities and Equity Accounts payable $800.0 $640.0 Accruals 276.0 240.0 Notes payable 192.0 160.0 Total current liabilities $1,268.0 $1,040.0 Long-term debt 1,920.0 1,600.0 Total liabilities $3,188.0 $2,640.0 Common stock 2,285.0 1,919.0 Retained earnings 242.0 153.0 Total common equity $2,527.0 $2,072.0 Total liabilities and equity $5,715.0 $4,712.0 Using Rhodes Corporation's financial statements (shown above), answer the following questions. Using Rhodes Corporation's financial statements (shown above), answer the following questions . What is the net operating profit after taxes (NOPAT) for 2018? 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. 5 million b. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number 2018. million 2017: 5 million What are the camounts of total net operating capitol for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number 2018: million 2017: $ million d. What is the free cash flow for 20182 Enter your answer in millions. For example, an answer of $12 million should be entered as 1.2, not 1,200,000 Cash outflow, if any, should be indicated by a minus sign. Round your answer to one decimal place $ million . What is the ROIC for 2018 Round your answer to two decimal places How much of the FCF did Rhodes use for each of the following purposes after tax interest, net debt repayments, dividends, net stock rupurchases, and not 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, hot 1.200,000. Round your answers to one decimal place Altertax interest payment million Reduction (increase in debt $ million Payment of dividends $ Repurchase (Issue) stock $ million Purchase (Sale) of short-term investments $ million

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