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Free Cash Flows Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $4,950.0 $4,500.0 Operating costs excluding depreciation 3,960.0
Free Cash Flows
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)
2018 | 2017 | ||
Sales | $4,950.0 | $4,500.0 | |
Operating costs excluding depreciation | 3,960.0 | 3,825.0 | |
Depreciation and amortization | 123.0 | 95.0 | |
Earnings before interest and taxes | $867.0 | $580.0 | |
Less Interest | 106.0 | 97.0 | |
Pre-tax income | $761.0 | $483.0 | |
Taxes (40%) | 304.4 | 193.2 | |
Net income available to common stockholders | $456.6 | $289.8 | |
Common dividends | $411.0 | $232.0 |
Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)
2018 | 2017 | ||
Assets | |||
Cash | $56.0 | $45.0 | |
Short-term investments | 25.0 | 23.0 | |
Accounts receivable | 594.0 | 540.0 | |
Inventories | 1,080.0 | 900.0 | |
Total current assets | $1,755.0 | $1,508.0 | |
Net plant and equipment | 1,229.0 | 945.0 | |
Total assets | $2,984.0 | $2,453.0 | |
Liabilities and Equity | |||
Accounts payable | $378.0 | $315.0 | |
Accruals | 468.0 | 360.0 | |
Notes payable | 99.0 | 90.0 | |
Total current liabilities | $945.0 | $765.0 | |
Long-term debt | 990.0 | 900.0 | |
Total liabilities | $1,935.0 | $1,665.0 | |
Common stock | 916.4 | 701.0 | |
Retained earnings | 132.6 | 87.0 | |
Total common equity | $1,049.0 | $788.0 | |
Total liabilities and equity | $2,984.0 | $2,453.0 |
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. $ million
- 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:$ million
- What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2018:$ million 2017:$ million
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