Rhodes coporations financial statements are shown below
Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of dollars) 2020 2019 Sales $ 12,000 $ 10,000 Operating costs excluding depreciation 10,632 8,734 Depreciation and amortization 340 330 Earnings before interest and taxes $ 1,028 $ 936 Less interest 160 100 Pre-tax income $ 868 $ 836 Taxes (25%) 217 209 Net income available to common stockholders $.627 Common dividends 204 $ 250 Rhodes Corporation Balance Sheets as of December 31 (Millions of dollars) 2020 2019 651 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 450 210 2,750 1,350 $4,760 3,750 $8,510 $ 400 200 2,500 1,300 $4,400 3,500 $ 7,900 900 Liabilities and Equity Accounts payable $ 800 Accruals 450 400 Notes payable 344 200 Total current liabilities $1,694 $1,400 Long-term debt 900 800 Total liabilities $ 2,594 2,200 Common stock 4,169 4,400 Retained earnings 1,747 1,300 Total common equity $5,916 $ 5,700 Total liabilities and equity $8,510 $ 7,900 suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions UND 237. Answer the following questions. a. 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 b. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of 51 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number 2020: $ million 2019: $ 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 2020: $ million 2019: $ million d. What is the free cash flow for 20207 Enter your answer in millions. For example, an answer of $1 million should be entered a lot 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number million S sign. Round your answer to the nearest whole number e. What is the ROIC for 2020? Round 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 stod 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 After-tax interest payment million Reduction (increase) in debt million Payment of dividends million million Repurchase (Issue) stock million Purchase (Sale) of short-term investments
