Free Cash Flows

Rhodes Corporation's financial statements are shown below.

Rhodes Corporation: Income Statements for Year Ending December $31$

$($Millions of Dollars$)$

Rhodes Corporation: Balance Sheets as of December $31($Millions of Dollars$)$

Suppose the federal$-$plus$-$state tax corporate tax is $25\%.$ Answer the following questions.

$ million

$2020$: $ million

$2019$:$ million

$2020$: $ million

$2019$: $ million

nearest whole number.

$ million

e$.$ What is the ROIC for $2020?$ Round your answer to two decimal places.

After$-$tax interest payment

Reduction $($increase$)$ in debt

Payment of dividends

Repurchase $($Issue$)$ stock

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