Excel Online Structured Activity: Free Cash Flows place.

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million

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

$\%$

After$-$tax interest payment

Reduction $($increase$)$ in debt

Payment of dividends

Repurchase $($Issue$)$ stock

Purchase $($Sale$)$ of short$-$term

investments

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million $\backslash$table$[[$Income Statements:,$2018,2017],[$Sales$,$$$6,000\mathrm{.}0,$$$5,000\mathrm{.}0],[$Operating costs excluding depreciation,$4,500\mathrm{.}0,4,250\mathrm{.}0],[$Depreciation and amortization,$162\mathrm{.}0,135\mathrm{.}0],[$Earnings before interest and taxes,$$1,338\mathrm{.}0,$$$615\mathrm{.}0],[$Less interest,$129\mathrm{.}0,107\mathrm{.}5],[$Pre$-$tax income,$$1,209\mathrm{.}0,$$$507\mathrm{.}5],[$Taxes$,483\mathrm{.}6,203\mathrm{.}0],[$Net income available to common stockholders,$$725\mathrm{.}4,$$$304\mathrm{.}5],[$Common dividends,,$$$$243\mathrm{.}6],[$Balance Sheets:,$2018,2017],[$Assets$],[$Cash$,$$$78\mathrm{.}0,$$$65\mathrm{.}0],[$Short$-$term investments,$30\mathrm{.}0,25\mathrm{.}0],[$Accounts receivable,$770\mathrm{.}0,700\mathrm{.}0],[$Inventories$,977\mathrm{.}5,850\mathrm{.}0],[$Total current assets,$$1,855\mathrm{.}5,$$$1,640\mathrm{.}0],[$Net plant and equipment,$1,620\mathrm{.}0,1,350\mathrm{.}0],[$Total assets,$$3,475\mathrm{.}5,$$$2,990\mathrm{.}0],[$Liabilities and Equity$],[$Accounts payable,$$460\mathrm{.}0,$$$400\mathrm{.}0],[$Accruals$,187\mathrm{.}5,150\mathrm{.}0],[$Notes payable,$120\mathrm{.}0,100\mathrm{.}0],[$Total current liabilities,$$767\mathrm{.}5,$$$650\mathrm{.}0],[$Long$-$term debt,$1,200\mathrm{.}0,1,000\mathrm{.}0],[$Total liabilities,$$1,967\mathrm{.}5,$$$1,650\mathrm{.}0],[$Common stock,$1,344\mathrm{.}1,1,248\mathrm{.}7],[$Retained earnings,$163\mathrm{.}9,91\mathrm{.}4],[$Total common equity,$$1,508\mathrm{.}0,$$$1,340\mathrm{.}0],[$Total liabilities and equity,$$3,475\mathrm{.}5,$$$2,990\mathrm{.}0]]$

The data for Rhodes Corporation's has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

Open spreadsheet

your answer to one decimal place.

$

million

Round your answers to one decimal place.

$2018$$

million

$2017$ $

million

Round your answers to one decimal place.

$2018$$

million

$2017$ $

million

place.

$

million

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