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

$20182017$

Sales $$3,450\mathrm{.}0$ $$3,000\mathrm{.}0$

Operating costs excluding depreciation $2,933\mathrm{.}02,550\mathrm{.}0$

Depreciation and amortization $113\mathrm{.}087\mathrm{.}0$

Earnings before interest and taxes $$404\mathrm{.}0$ $$363\mathrm{.}0$

Less Interest $74\mathrm{.}065\mathrm{.}0$

Pre$-$tax income $$330\mathrm{.}0$ $$298\mathrm{.}0$

Taxes $(40\%)132\mathrm{.}0119\mathrm{.}2$

Net income available to common stockholders $$198\mathrm{.}0$ $$178\mathrm{.}8$

Common dividends $$178\mathrm{.}0$ $$143\mathrm{.}0$

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

$20182017$

Assets

Cash $$45\mathrm{.}0$ $$36\mathrm{.}0$

Short$-$term investments $17\mathrm{.}015\mathrm{.}0$

Accounts receivable $429\mathrm{.}0330\mathrm{.}0$

Inventories $585\mathrm{.}0450\mathrm{.}0$

Total current assets $$1,076\mathrm{.}0$ $$831\mathrm{.}0$

Net plant and equipment $1,131\mathrm{.}0870\mathrm{.}0$

Total assets $$2,207\mathrm{.}0$ $$1,701\mathrm{.}0$

Liabilities and Equity

Accounts payable $$225\mathrm{.}0$ $$180\mathrm{.}0$

Accruals $117\mathrm{.}090\mathrm{.}0$

Notes payable $69\mathrm{.}060\mathrm{.}0$

Total current liabilities $$411\mathrm{.}0$ $$330\mathrm{.}0$

Long$-$term debt $690\mathrm{.}0600\mathrm{.}0$

Total liabilities $$1,101\mathrm{.}0$ $$930\mathrm{.}0$

Common stock $1,032\mathrm{.}0717\mathrm{.}0$

Retained earnings $74\mathrm{.}054\mathrm{.}0$

Total common equity $$1,106\mathrm{.}0$ $$771\mathrm{.}0$

Total liabilities and equity $$2,207\mathrm{.}0$ $$1,701\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 $$1\mathrm{.}2$ million should be entered as $1\mathrm{.}2,$ not $1,200,000.$ Round your answer to one decimal place. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $$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