Rhodes Corporation: Income Statements for Year Ending December $31($Millions of Dollars$)$

$20182017$

Sales $$7,475\mathrm{.}0$ $$6,500\mathrm{.}0$

Operating costs excluding depreciation $5,980\mathrm{.}05,525\mathrm{.}0$

Depreciation and amortization $156\mathrm{.}0130\mathrm{.}0$

Earnings before interest and taxes $$1,339\mathrm{.}0$ $$845\mathrm{.}0$

Less Interest $161\mathrm{.}0140\mathrm{.}0$

Pre$-$tax income $$1,178\mathrm{.}0$ $$705\mathrm{.}0$

Taxes $(40\%)471\mathrm{.}2282\mathrm{.}0$

Net income available to common stockholders $$706\mathrm{.}8$ $$423\mathrm{.}0$

Common dividends $$636\mathrm{.}0$ $$338\mathrm{.}0$

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

$20182017$

Assets

Cash $$105\mathrm{.}0$ $$91\mathrm{.}0$

Short$-$term investments $38\mathrm{.}033\mathrm{.}0$

Accounts receivable $1,014\mathrm{.}0845\mathrm{.}0$

Inventories $1,794\mathrm{.}01,495\mathrm{.}0$

Total current assets $$2,951\mathrm{.}0$ $$2,464\mathrm{.}0$

Net plant and equipment $1,560\mathrm{.}01,300\mathrm{.}0$

Total assets $$4,511\mathrm{.}0$ $$3,764\mathrm{.}0$

Liabilities and Equity

Accounts payable $$702\mathrm{.}0$ $$585\mathrm{.}0$

Accruals $234\mathrm{.}0195\mathrm{.}0$

Notes payable $150\mathrm{.}0130\mathrm{.}0$

Total current liabilities $$1,086\mathrm{.}0$ $$910\mathrm{.}0$

Long$-$term debt $1,495\mathrm{.}01,300\mathrm{.}0$

Total liabilities $$2,581\mathrm{.}0$ $$2,210\mathrm{.}0$

Common stock $1,731\mathrm{.}21,426\mathrm{.}0$

Retained earnings $198\mathrm{.}8128\mathrm{.}0$

Total common equity $$1,930\mathrm{.}0$ $$1,554\mathrm{.}0$

Total liabilities and equity $$4,511\mathrm{.}0$ $$3,764\mathrm{.}0$

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

What is the net operating profit after taxes $($NOPAT$)$ for $2018?$ Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Round your answer to one decimal place.

$

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.

$2018$: $

million $=$

$2017$: $

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.

$2018$: $

million $=$

$2017$: $

million $=$

What is the free cash flow for $2018?$ Enter your answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Cash outflow, if any, should be indicated by a minus sign. Round your answer to one decimal place.

$

million $=$

What is the ROIC for $2018?$ 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 answer in millions. For example, an answer of $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Round your answers to one decimal place.

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 $=$