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The data for Rhodes Corporation's has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer

The data for Rhodes Corporation's has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below.

  1. 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. Do not round intermediate calculations. Round your answer to one decimal place.

  2. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place.

  3. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place.

  4. 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. Do not round intermediate calculations. Round your answer to one decimal place.

  5. What is the ROIC for 2018? Round your answer to one 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 $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place.

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Free Cash Flows (All dollar values are provided in millions.) 2018 Sales, ST Invest, Notes Pay, LT Debt factor increase Operating costs as % of sales Cash factor increase Accts. Rec factor increase Inventory factor increase Net Plant & Equip factor increase Accts Pay factor increase Accruals factor increase 1.10 80.00% 1.25 2017 Sales Cash as % of sales Accts Rec as % of sales Inventory as % of sales Net Plant & Equip as % of sales Accts Pay as % of sales Accruals as % of Sales 1.15 $4,000 1.40% 11.00% 19.00% 27.00% 6.00% 7.00% 1.20 1.20 1.25 1.10 Operating cost as % of sales Depreciation as % of Net Plant & Equip Interest rate Depreciation as % of Net Plant & Equip Interest rate Tax rate Payout rate 10.00% 10.00% 40.00% 90.00% Tax rate Payout rate Short-term investments as % of sales Notes payable as % of sales Long-term debt as % of sales Retained earnings multiple factor 85.00% 10.00% 10.00% 40.00% 80.00% 0.50% 2.00% 20.00% 1.50 2018 $4,400.0 3,520.0 129.6 $750.4 Income Statements: Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax income Taxes Net income available to common stockholders Common dividends 2017 $4,000.0 3,400.0 108.0 $492.0 86.0 $406.0 162.4 $243.6 $194.9 94.6 $655.8 262.3 $393.5 $354.1 2018 2017 Balance Sheets: Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $70.0 22.0 506.0 912.0 $1,510.0 1,296.0 $2.806.0 $56.0 20.0 440.0 760.0 $1,276.0 1,080.0 $2,356.0 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $300.0 308.0 88.0 $696.0 880.0 $1,576.0 1,117.6 112.4 $1,230.0 $2,806.0 $240.0 280.0 80.0 $600.0 800.0 $1,400.0 882.9 73.1 $956.0 $2,356.0

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