a$.$ What is the net operating profit after taxes $($NOPAT$)$ for $2018?$ Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answer to one decimal place.

$ fill in the blank $2$ 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\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answers to one decimal place.

$2018$ $ fill in the blank $3$ million

$2017$ $ fill in the blank $4$ million

c$.$ What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answers to one decimal place.

$2018$ $ fill in the blank $5$ million

$2017$ $ fill in the blank $6$ million

d$.$ What is the free cash flow for $2018?$ Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answer to one decimal place.

$ fill in the blank $7$ million

e$.$ What is the ROIC for $2018?$ Round your answer to one decimal place.

fill in the blank $8\%$

f$.$ 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 answers in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Do not round intermediate calculations. Round your answers to one decimal place.

After$-$tax interest payment $ fill in the blank $9$ million

Reduction $($increase$)$ in debt $ fill in the blank $10$ million

Payment of dividends $ fill in the blank $11$ million

Repurchase $($Issue$)$ stock $ fill in the blank $12$ million

Purchase $($Sale$)$ of short$-$term investments $ fill in the blank $13$ million

Free Cash Flows

$($All dollar values are provided in millions.$)$

$20182017$

Sales, ST Invest, Notes Pay, LT Debt factor increase $1\mathrm{.}15$ Sales $$5,000$

Operating costs as $\%$ of sales $77\mathrm{.}50\%$ Cash as $\%$ of sales $1\mathrm{.}30\%$

Cash factor increase $1\mathrm{.}15$ Accts Rec as $\%$ of sales $10\mathrm{.}00\%$

Accts. Rec factor increase $1\mathrm{.}15$ Inventory as $\%$ of sales $24\mathrm{.}00\%$

Inventory factor increase $1\mathrm{.}20$ Net Plant & Equip as $\%$ of sales $28\mathrm{.}00\%$

Net Plant & Equip factor increase $1\mathrm{.}25$ Accts Pay as $\%$ of sales $8\mathrm{.}00\%$

Accts Pay factor increase $1\mathrm{.}25$ Accruals as $\%$ of Sales $4\mathrm{.}00\%$

Accruals factor increase $1\mathrm{.}20$

Operating cost as $\%$ of sales $85\mathrm{.}00\%$

Depreciation as $\%$ of Net Plant & Equip $10\mathrm{.}00\%$ Depreciation as $\%$ of Net Plant & Equip $10\mathrm{.}00\%$

Interest rate $10\mathrm{.}00\%$ Interest rate $10\mathrm{.}00\%$

Tax rate $40\mathrm{.}00\%$ Tax rate $40\mathrm{.}00\%$

Payout rate $90\mathrm{.}00\%$ Payout rate $80\mathrm{.}00\%$

Short$-$term investments as $\%$ of sales $0\mathrm{.}50\%$

Notes payable as $\%$ of sales $2\mathrm{.}00\%$

Long$-$term debt as $\%$ of sales $20\mathrm{.}00\%$

Retained earnings multiple factor $1\mathrm{.}50$

Income Statements: $20182017$

Sales $$5,750\mathrm{.}0$ $$5,000\mathrm{.}0$

Operating costs excluding depreciation $4,456\mathrm{.}34,250\mathrm{.}0$

Depreciation and amortization $175\mathrm{.}0140\mathrm{.}0$

Earnings before interest and taxes $$1,118\mathrm{.}8$ $$610\mathrm{.}0$

Less interest $123\mathrm{.}6107\mathrm{.}5$

Pre$-$tax income $$995\mathrm{.}1$ $$502\mathrm{.}5$

Taxes $398\mathrm{.}1201\mathrm{.}0$

Net income available to common stockholders $$597\mathrm{.}1$ $$301\mathrm{.}5$

Common dividends $$537\mathrm{.}4$ $$241\mathrm{.}2$

Balance Sheets: $20182017$

Assets

Cash $$74\mathrm{.}8$ $$65\mathrm{.}0$

Short$-$term investments $28\mathrm{.}825\mathrm{.}0$

Accounts receivable $575\mathrm{.}0500\mathrm{.}0$

Inventories $1,440\mathrm{.}01,200\mathrm{.}0$

Total current assets $$2,118\mathrm{.}5$ $$1,790\mathrm{.}0$

Net plant and equipment $1,750\mathrm{.}01,400\mathrm{.}0$

Total assets $$3,868\mathrm{.}5$ $$3,190\mathrm{.}0$

Liabilities and Equity

Accounts payable $$500\mathrm{.}0$ $$400\mathrm{.}0$

Accruals $240\mathrm{.}0200\mathrm{.}0$

Notes payable $115\mathrm{.}0100\mathrm{.}0$

Total current liabilities $$855\mathrm{.}0$ $$700\mathrm{.}0$

Long$-$term debt $1,150\mathrm{.}01,000\mathrm{.}0$

Total liabilities $$2,005\mathrm{.}0$ $$1,700\mathrm{.}0$

Common stock $1,713\mathrm{.}31,399\mathrm{.}6$

Retained earnings $150\mathrm{.}290\mathrm{.}5$

Total common equity $$1,863\mathrm{.}5$ $$1,490\mathrm{.}0$

Total liabilities and equity $$3,868\mathrm{.}5$ $$3,190\mathrm{.}0$