d. Q1: Using Rhodes Corporation's financial statement answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2010? What are the amounts of net operating capital for both years? What are the accounts of total net operating capital for both years? What is free cash flow for 2010 e. What is the ROIC for 2010? 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 investment? Rhodes Corporation's Balance Sheet (Millions of Dollars) 2010 2009 Assets Cash MAN A $550 $500 Short-term investment 110 100 Account receivable 2,750 2,500 inventories 1,650 1,500 Total current assets 5,060 $4,600 Net plant and equipment 3,850 3,500 Total assets 8,910 $8,100 Liabilities and Equity Account payable $1,100 $1,000 Accruals 550 500 Note Payable 384 200 Total Current Liabilities 2,034 $1,700 Long-term debt 1,100 AIMAN 1,000 Total liabilities $3,134 52,700 Common stock 4,312 4,400 Retained earnings 1,464, 1,000 Total common equity AZI $5,776 $5,400 Total liabilities and equity $8,910 $8,100 en) Total Current Liabilities 2,034 $1,700 1,100 1,000 $3,134 $2,700 4,312 4,400 Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 1,464, 1,000 $5,776 $5,400 $8,910 $8,100 Income Statement (Millions of Dollars) 2010 Sales $11,000 Operating costs excluding depreciation 9,360 Depreciation 380 Earning before interest and taxes $1,260 Less interest 120 Earnings before taxes $1,140 Taxes (40%) Net income available to common $684 stockholders Common dividends $220 2009 A $10,000 8,500 360 $1,140 100 $1,040 - 456 416 624 $200 d. Q1: Using Rhodes Corporation's financial statement answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2010? What are the amounts of net operating capital for both years? What are the accounts of total net operating capital for both years? What is free cash flow for 2010 e. What is the ROIC for 2010? 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 investment? Rhodes Corporation's Balance Sheet (Millions of Dollars) 2010 2009 Assets Cash MAN A $550 $500 Short-term investment 110 100 Account receivable 2,750 2,500 inventories 1,650 1,500 Total current assets 5,060 $4,600 Net plant and equipment 3,850 3,500 Total assets 8,910 $8,100 Liabilities and Equity Account payable $1,100 $1,000 Accruals 550 500 Note Payable 384 200 Total Current Liabilities 2,034 $1,700 Long-term debt 1,100 AIMAN 1,000 Total liabilities $3,134 52,700 Common stock 4,312 4,400 Retained earnings 1,464, 1,000 Total common equity AZI $5,776 $5,400 Total liabilities and equity $8,910 $8,100 en) Total Current Liabilities 2,034 $1,700 1,100 1,000 $3,134 $2,700 4,312 4,400 Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 1,464, 1,000 $5,776 $5,400 $8,910 $8,100 Income Statement (Millions of Dollars) 2010 Sales $11,000 Operating costs excluding depreciation 9,360 Depreciation 380 Earning before interest and taxes $1,260 Less interest 120 Earnings before taxes $1,140 Taxes (40%) Net income available to common $684 stockholders Common dividends $220 2009 A $10,000 8,500 360 $1,140 100 $1,040 - 456 416 624 $200
