Finance help
2020 2019 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,680 9,770 Depreciation and amortization 340 310 Earnings before interest and taxes $ 980 $ 920 Less interest 280 200 Pre-tax income 700 $ 720 Taxes (25%) 175 180 Net income available to common stockholders $ 525 $ 540 Common dividends $ 202 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 400 100 Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 450 120 2,750 1,850 $ 5,170 3,750 $ 8,920 el til ile si hiiliare la bateli ailesila 2,500 1,800 $ 4,800 3,500 $ 8,300 400 100 Liabilities and Equity Accounts payable $ 900 $ 800 Accruals 450 Notes payable 190 Total current liabilities $ 1,540 $1,300 Long-term debt 900 800 Total liabilities $ 2,440 2,100 Common stock 4,857 4,900 Retained earnings 1,623 1,300 Total common equity $ 6,480 $ 6,200 Total liabilities and equity $ 8,920 $8,300 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. $ 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. 2020: $ million 2019: $ 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 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2020: $ million 2019: $ million d. What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number. million e. What is the ROIC for 2020? Round your answer to two decimal places. % 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 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 69 million 69 million After-tax interest payment Reduction (increase) in debt Payment of dividends Repurchase (Issue) stock Purchase (Sale) of short-term investments 69 million 69 million 6 million
