Rhodes Corporation's financial statements are shown below.

Rhodes Corporation: Income Statements for Year Ending December 31

(Millions of Dollars)

20202019Sales$13,000$11,000Operating costs excluding depreciation11,5529,726Depreciation and amortization380330Earnings before interest and taxes$1,068$944Less interest180100Pre-tax income$888$844Taxes (25%)222211Net income available to common stockholders$666$633Common dividends$202$200

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

20202019AssetsCash$550$500Short-term investments110100Accounts receivable2,7502,500Inventories1,7501,600Total current assets$5,160$4,700Net plant and equipment3,7503,500Total assets$8,910$8,200Liabilities and EquityAccounts payable$1,100$1,000Accruals550500Notes payable388200Total current liabilities$2,038$1,700Long-term debt1,1001,000Total liabilities$3,1382,700Common stock4,6084,800Retained earnings1,164700Total common equity$5,772$5,500Total liabilities and equity$8,910$8,200

Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions.

1. 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.
2. $million
3. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.
4. 2020:$million
5. 2019:$million
6. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.
7. 2020:$million
8. 2019:$million
9. What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number.
10. $million
11. What is the ROIC for 2020? Round your answer to two decimal places.
12. %
13. 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 answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.After-tax interest payment$millionReduction (increase) in debt$millionPayment of dividends$millionRepurchase (Issue) stock$millionPurchase (Sale) of short-term investments$million