I am not understanding how to calculate the questions/answers. I do not understand how the financials work. Please help me understand what formulas to use. Thank you.

Free Cash Flows

Rhodes Corporation's financial statements are shown below.

Rhodes Corporation: Income Statements for Year Ending December 31

(Millions of Dollars)

20202019

Sales $ 12,000$ 10,000

Operating costs excluding depreciation 10,6068,746

Depreciation and amortization 370330

Earnings before interest and taxes $ 1,024$ 924

Less interest 140100

Pre-tax income $ 884$ 824

Taxes (25%) 221206

Net income available to common stockholders $ 663$ 618

Common dividends $ 202$ 200

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

20202019

Assets

Cash $ 450$ 400

Short-term investments 120100

Accounts receivable 2,7502,500

Inventories 1,7501,700

Total current assets $ 5,070$ 4,700

Net plant and equipment 3,7503,500

Total assets $ 8,820$ 8,200

Liabilities and Equity

Accounts payable $ 900$ 800

Accruals 450400

Notes payable 176100

Total current liabilities $ 1,526$ 1,300

Long-term debt 900800

Total liabilities $ 2,4262,100

Common stock 5,1335,300

Retained earnings 1,261800

Total common equity $ 6,394$ 6,100

Total liabilities and equity $ 8,820$ 8,200

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 2020? 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