Rhodes Corporations 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		11,540			9,702
Depreciation and amortization		420			390
Earnings before interest and taxes	$	1,040		$	908
Less interest		280			200
Pre-tax income	$	760		$	708
Taxes (25%)		190			177
Net income available to common stockholders	$	570		$	531
Common dividends	$	201		$	200

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

	2020			2019
Assets
Cash	$	650		$	600
Short-term investments		130			100
Accounts receivable		2,750			2,500
Inventories		1,650			1,600
Total current assets	$	5,180		$	4,800
Net plant and equipment		3,850			3,500
Total assets	$	9,030		$	8,300
Liabilities and Equity
Accounts payable	$	1,300		$	1,200
Accruals		650			600
Notes payable		392			200
Total current liabilities	$	2,342		$	2,000
Long-term debt		1,300			1,200
Total liabilities	$	3,642			3,200
Common stock		4,119			4,200
Retained earnings		1,269			900
Total common equity	$	5,388		$	5,100
Total liabilities and equity	$	9,030		$	8,300

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.

   $ million

2. 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.

   2020: $ million

   2019: $ million

3. 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: $ million

   2019: $ million

4. 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.

   $ million

5. What is the ROIC for 2020? Round your answer to two decimal places.

   %

6. 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	$ million
   Reduction (increase) in debt	$ million
   Payment of dividends	$ million
   Repurchase (Issue) stock	$ million
   Purchase (Sale) of short-term investments	$ million