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Liabilities and Equity Accounts payable $1,300 $1,200 Accruals 650 600 Notes payable 178 100 Total current liabilities $2,128 $1,900 Long-term debt 1,300 1,200 Total

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Liabilities and Equity Accounts payable $1,300 $1,200 Accruals 650 600 Notes payable 178 100 Total current liabilities $2,128 $1,900 Long-term debt 1,300 1,200 Total liabilities $3,428 3,100 3,802 3,800 1,790 1,300 $5,592 $5,100 $9,020 $8,200 Common stock Retained earnings Total common equity Total liabilities and equity Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2023? 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. $ 813 million b. 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. 2023: $ 2644 million 2022: $ 2500 million c. 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. 2023: $ 6494 million 2022: $ 6000 million Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2023 2022 Sales $12,000 $11,000 Operating costs excluding depreciation 10,516 9,672 Depreciation and amortization 400 380 Earnings before interest and taxes $ 1,084 $ 948 Less interest 160 100 Pre-tax income Taxes (25%) Net income available to common stockholders 924 $ 848 231 212 $ 693 $ 636 Common dividends Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) $ 203 $ 200 2023 2022 Assets Cash $ 650 $ 600 Short-term investments 220 200 Accounts receivable 2,750 2,500 Inventories 1,550 1,400 Total current assets $5,170 $4,700 Net plant and equipment 3,850 3,500 Total assets $9,020 $8,200

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