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Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2015 $1,950.0 1,560.0 36.0 $354.0 42.0 $312.0 124.8 $187.2 $168.0 2014 $1,500.0 1,275.0
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2015 $1,950.0 1,560.0 36.0 $354.0 42.0 $312.0 124.8 $187.2 $168.0 2014 $1,500.0 1,275.0 30.0 $195.0 32.0 $163.0 65.2 $97.8 $78.0 Earnings before interest and taxes Less: Interest Pre-tax income Taxes (40%) Net income available to common stockholders Common dividends Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2015 2014 $20.0 10.0 182.0 360.0 $572.0 360.0 $932.0 $15.0 8.0 165.0 300.0 $488.0 300.0 $788.0 Short-term investments Accounts receivable Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Notes payable Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $99.0 138.0 39.0 $276.0 390.0 $666.0 216.8 49.2 $266.0 $932.0 $90.0 120.0 30.0 $240.0 300.0 $540.0 218.0 30.0 $248.0 $788.0 Using Rhodes Corporation's financial statements (shown above), answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2015? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to one decimal place million
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