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 $ million What is the ROIC for 2018 Round your answer to two decimal places your answer in millions For example, an answer of $1 2 million should be entered as 1 2, not 1,200,000 Round your answers to one decimal place

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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

$ million What is the ROIC for 2018 ? Round your answer to two decimal places. your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place