Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

	2013		2012
Sales	$8,250.0		$7,500.0
Operating costs excluding depreciation	6,188.0		6,375.0
Depreciation and amortization	244.0		188.0
Earnings before interest and taxes	$1,818.0		$937.0
Less: Interest	177.0		161.0
Pre-tax income	$1,641.0		$776.0
Taxes (40%)	656.4		310.4
Net income available to common stockholders	$984.6		$465.6
Common dividends	$886.0		$372.0

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

	2013		2012
Assets
Cash	$130.0		$113.0
Short-term investments	42.0		38.0
Accounts receivable	825.0		750.0
Inventories	2,160.0		1,800.0
Total current assets	$3,157.0		$2,701.0
Net plant and equipment	2,438.0		1,875.0
Total assets	$5,595.0		$4,576.0
Liabilities and Equity
Accounts payable	$825.0		$750.0
Accruals	750.0		600.0
Notes payable	165.0		150.0
Total current liabilities	$1,740.0		$1,500.0
Long-term bonds	1,650.0		1,500.0
Total liabilities	$3,390.0		$3,000.0
Common stock	1,966.4		1,436.0
Retained earnings	238.6		140.0
Total common equity	$2,205.0		$1,576.0
Total liabilities and equity	$5,595.0		$4,576.0

Using Rhodes Corporation's financial statements (shown above), answer the following questions.

What is the net operating profit after taxes (NOPAT) for 2013? 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 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.
2013 $________ million
2012 $_________ million

What are the amounts of total net operating capital for both years? 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 answers to one decimal place.
2013 $ _______million
2012 $ _______million

What is the free cash flow for 2013? 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 is the ROIC for 2013? 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 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.

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

PLEASE LABEL EVERYTHING WITH THE ANSWERS!

Free Cash Flows

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

	2013		2012
Sales	$8,250.0		$7,500.0
Operating costs excluding depreciation	6,188.0		6,375.0
Depreciation and amortization	244.0		188.0
Earnings before interest and taxes	$1,818.0		$937.0
Less: Interest	177.0		161.0
Pre-tax income	$1,641.0		$776.0
Taxes (40%)	656.4		310.4
Net income available to common stockholders	$984.6		$465.6
Common dividends	$886.0		$372.0

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

	2013		2012
Assets
Cash	$130.0		$113.0
Short-term investments	42.0		38.0
Accounts receivable	825.0		750.0
Inventories	2,160.0		1,800.0
Total current assets	$3,157.0		$2,701.0
Net plant and equipment	2,438.0		1,875.0
Total assets	$5,595.0		$4,576.0
Liabilities and Equity
Accounts payable	$825.0		$750.0
Accruals	750.0		600.0
Notes payable	165.0		150.0
Total current liabilities	$1,740.0		$1,500.0
Long-term bonds	1,650.0		1,500.0
Total liabilities	$3,390.0		$3,000.0
Common stock	1,966.4		1,436.0
Retained earnings	238.6		140.0
Total common equity	$2,205.0		$1,576.0
Total liabilities and equity	$5,595.0		$4,576.0

Using Rhodes Corporation's financial statements (shown above), answer the following questions.

What is the net operating profit after taxes (NOPAT) for 2013? 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 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.
2013 $________ million
2012 $_________ million

What are the amounts of total net operating capital for both years? 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 answers to one decimal place.
2013 $ _______million
2012 $ _______million

What is the free cash flow for 2013? 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 is the ROIC for 2013? 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 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.

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

This are the asnwers i got. NOTE: EVERYTHING IN BOLD I GOT WRONG SO PLEASE CORRECT!

1) NOPAT for 2013 = 1818 * (1 - 0.40) = $1090.8 millions

2) NOWC for 2013 = 130+825+2160-825-750 = $1,540

for 2012 = 113+750+1800-750-600 = $1,313

3) Total Net Operating Capital for 2013 = 1,540 + 2438 = $3,978

2012 = 1,313 + 1875 = $3,188

4) Free Cash flow for 2013 = (1818-0.6) + 244 - (3027-2588)+(1740-1500) - (2438-1875+244) = $816.8

5) ROIC for 2013 = 1090.8/(5595-130-1740) = 1090.8/3725) = 29.28%

6) After tax interest payments = $ 106.2 million

Increase in debt =($150)

Payment of dividends =$886

Rwourchase Issue of stock =($629)

Purchase of short term investments =$4