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CHALLENGING PROBLEMS $12-13$

Using Rhodes Corporation's financial statements $($shown after Part f$),$ answer the following questions.

a$.$ What is the net operating profit after taxes $($NOPAT$)$ for $2023?$

b$.$ What are the amounts of net operating working capital for both years?

c$.$ What are the amounts of total net operating capital for both years?

d$.$ What is the free cash flow for $2023?$

e$.$ What is the ROIC for $2023?$

f$.$ How much of the FCF did Rhodes use for each of the following purposes: aftertax interest, net debt repayments, dividends, net stock repurchases, and net purchases of short$-$term investments? $($Hint: Remember that a net use can be negative.$)$