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Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $1,725.0 $1,500.0 Operating costs excluding depreciation 1,294.0 1,275.0 Depreciation and

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $1,725.0 $1,500.0 Operating costs excluding depreciation 1,294.0 1,275.0 Depreciation and amortization 41.0 33.0 Earnings before interest and taxes $390.0 $192.0 Less Interest 37.0 32.0 Pre-tax income $353.0 $160.0 Taxes (40%) 141.2 64.0 Net income available to common stockholders $211.8 $96.0 Common dividends $191.0 $77.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $24.0 $21.0 Short-term investments 9.0 8.0 Accounts receivable 188.0 150.0 Inventories 375.0 300.0 Total current assets $596.0 $479.0 Net plant and equipment 413.0 330.0 Total assets $1,009.0 $809.0 Liabilities and Equity Accounts payable $138.0 $120.0 Accruals 155.0 135.0 Notes payable 35.0 30.0 Total current liabilities $328.0 $285.0 Long-term debt 345.0 300.0 Total liabilities $673.0 $585.0 Common stock 286.2 195.0 Retained earnings 49.8 29.0 Total common equity $336.0 $224.0 Total liabilities and equity $1,009.0 $809.0 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 $1.2 million should be entered as 1.2, 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 $1.2 million should be entered as 1.2, 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 $1.2 million should be entered as 1.2, 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

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