Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $12,000 10,560 360 $ 10,000 8,708 340 Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes $ 952 $ 1,080 280 200 Less interest $ 800 $ 752 Pre-tax income Taxes (25%) 200 188 Net income available to common stockholders $ 600 $ 564 Common dividends $ 205 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 $ 650 220 Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $ 600 200 2,500 1,800 2,750 2,050 $5,670 3,850 $ 9,520 $ 5,100 3,500 $8,600 Liabilities and Equity Accounts payable $1,300 $1,200 Accounts payable $1,300 $1,200 Accruals 650 600 Notes payable 194 100 Total current liabilities 52,144 $1,000 Long-term debt 1,300 1,200 Total abilities $3.444 3,100 Common stock 4,481 4,300 Retained earnings 1.595 1,200 Total common equity $6,076 55,500 Total abilities and equity 59,520 55,600 Suppose the federal-plus-state tax corporate taxis 25% Answer the following questions What is the net operating profit alter taxes (NOPAT) for 20207 Enter your answer in millions for example, answer of $1 million should be werd 1, 1,000,000 Round your answer to the nearest whole number $ 18 ndon b. What are the amounts of niet operating working capital for both years? Enter your answers in millions. For example, an answer of 51 milion should be entered as net 1,000,000, Round your answers to the nearest whole number 202015 million 201915 million c. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of Simon should be entered as 1, not 1,000,000 Round your answers to the nearest whole number 202013 million 2019 million d. What is there cash flow for 20207 Enter your answer in millions. For example, an answer of $1 million should be entered not 1,000,000 Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number $ million What is not inc 27 Round to declinares b. What are the amounts of net operating working capital for both years? Enter your ser 1,000,000. Round your answers to the nearest whole number 2020:5 million $$ 2019:5 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 2020: 5 million $ 3 2019: million d. What is the free cash flow for 20207 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 $ million e. What is the ROIC for 20207 Round your answer to two decimal places L. 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 not 1,000,000. Round your answers to the nearest whole number After-tax interest payment million Reduction (increase in debt $ million Payment of dividends 5 million Repurchase (Issue) stock $ Purchase (Sale) of short term investments $ mohon $ $ $ $ 3 million
