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please help with this finance work... eBook Free Cash Flows Rhodes Corporation's financial statements are shown below, Rhodes Corporation: Income Statements for Year Ending December
please help with this finance work...
eBook Free Cash Flows Rhodes Corporation's financial statements are shown below, Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sates Operatjng costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax incame Taxes (25%) Net income available to common stockholders Common diVjdends 2022 s 12,000 10,630 330 $ 1,040 280 760 190 570 201 2021 S 10,000 8,748 s s 320 932 200 732 183 549 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current 'liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2022 550 210 2,750 1,550 5,060 3,850 8,910 550 388 $ 2,038 1 p100 $3,138 4,103 1,669 s 5,772 $8,910 2021 $ soo 200 2,500 1,500 $ 4,700 3,500 $8,200 1,000 500 200 $ 1,700 1,000 2,700 4,200 1,300 $5,500 $8,200 Suppose the federal-plus-state tax corporate tax is 250/0s Answer the following questionss a. What is the net operating profit after taxes (NOPAT) for 2022? Enter your answer in millions. For example, an answer of $1 million should be entered as 1 y not 1,0DOr000. Round your answer to the nearest whole number. million b. What are the amounts of net operating working capital for both years? Enter your answers in millions. For examp!e, an answer of $1 million should be entered as 1, not Round your answers to the nearest whole number. 2022: $ million million c. What are the amounts of total net operating capital for both years? Enter your answers Iin millions. For example, an answer of $1 million should be entered as 1, not 1e000,OOO. Round your answers to the nearest whole number. 2022: s 2021: $ million million d. VVVhat is the free cash flow for 2022? Enter your answer in millions. For example, an answer of $1 million should be entered as le not 1.000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number. million e. VVVhat is the ROIC for 2022? Raund your answer to two decimal places. f. 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 Round your answers to the nearest whole number. After-tax interest payment Reduction (increase) in debt Payment of dividends Repurchase (Issue) stock Purchase (sale) of short-terrn investments s s s mjlljon million million million million
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