Rhodes Corporation's financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $13,000 $11,000 Operating costs excluding depreciation 11,572 9,678 Depreciation and amortization 380 330 Earnings before interest and taxes $ 1,048 $ 992 Less interest 160 100 Pre-tax income $ 888 $ 892 Taxes (25%) 222 223 Net income available to common stockholders $ 666 $ 669 Common dividends Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) $ 201 $ 200 2020 2019 Assets Cash $ 650 $ 600 Short-term investments 120 100 Accounts receivable 2,750 2,500 Inventories 1,950 1,800 Total current assets $5,470 $5,000 Net plant and equipment 3,650 3,500 Total assets $9,120 $8,500 Liabilities and Equity Accounts payable $1,300 $1,200 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Tutal common equity Total liabes and equity $1,300 650 $1,200 600 100 12,136 $1,900 1,300 1,200 $3,436 3,100 4.219 4,400 1,465 1,000 $5,44 $5,400 $9,120 18.500 Suppose the federal-plus-state tax corporate tes is 25% Answer the folowing questions a What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions for examp, an miser of 1 min should be entered as 1, not 1,000,000 Rund your answer to whole number b. What are the amounts of net operating working capital for both years? Enter your answers in millons. For example, an answer of $1 on should t answers to the entered as 1, net 1,000,000 Round your 30205 2019 $ What are the amounts of total net operating capital for both years? Enter your answers Foample, an awe of $5 million should be entered as 1, not 1,000,000 answers to the nearest whole number 2020:5 2019 d. What is the free cash flow for 2020) Enter your answer in For example, an answer of $1 inn 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 What is the ROIC for 2020 Round your answer to two decimal places answers to the nearest whole number 2000 2019 What are the amounts of total net operating capital for both years? Every answers to the nearest whole number 20205 2019 minus sign Round What the ROIC for 2020? Round your answer to two decimal placas 1. How much of the FCF did Rhodes use investments? (Hint: Remember that a Aher-tas interest payment Reduction (increase) in debt Repurchase (Te) stock Purchase (Sale) of short-term investments ons for example, an answer of a thaise of shart tem 1000,000 int your you