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Free Cash Flows Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales

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Free Cash Flows Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $ 12,000 $11,000 Operating costs excluding depreciation 10,550 9,674 Depreciation and amortization 370 330 Earnings before interest and taxes $ 1,080 $ 996 Less interest 120 100 Pre-tax income $ 960 $ 896 Taxes (25%) 240 224 Net income available to common stockholders $ 720 $ 672 Common dividends $ 205 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short term investments 210 Accounts receivable 2,750 2,500 Inventories 1,550 1,400 Total current assets $5,060 $4,600 Net plant and equipment 3,750 3,500 Total assets $8,810 $ 8,100 200 Liabilities and Equity Accounts payable $1,100 $1,000 Accruals 550 500 Notes payable 348 200 Total current liabilities $1,998 $ 1,700 Long-term debt 1,100 1,000 Total liabilities $3,098 2,700 Common stock 4,097 4,300 Retained earnings 1,615 1,100 Total common equity $5,712 $5,400 Total liabilities and equity $8,810 $8,100 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. 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 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 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 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 What is the ROIC for 20207 Round your answer to two decimal places. 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. After-tax interest payment $ million Reduction (increase) in debt $ million Payment of dividends $ million Repurchase (Issue) stock $ million Purchase (Sale) of short-term investments $ million B (Ctrl)

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