Using Rhodes Corporations financial statement (see below), anwser the following questions and show work:

Rhodes Corporations Income Statements in Millions of Dollars

2013 2012

Sales 11,000 10,000

OPerating costs excluding depreciation 9,360 8,500

Depreciation and amoritization 380 360

Earnings Before Interest and Taxes 1,260 1,140

less interest 120 100

Pre-tax income 1,140 1,040

Taxes (40%) 456 416

Net income aqvailable to common shockholders 684 624

common dividends 220 200

Rhodes Corporation Balance Sheet in Million of Dollars

2013 2012

Assets

Cash 550 500

Short Term Investments 110 100

Accounts Receivable 2,750 2,500

Inventories 1,650 1,500

Total Current Assets 5,060 4,600

Net Plant and Equipment 3,850 3,500

Total Assets 8,910 8,100

Liabilities and Equity

Accounts Payable 1,100 1,000

Accurals 500 500

Notes Payable 384 200

Total Current Liabilitis 2,034 1,700

Long term debt 1,100 1,000

total liabilities 3,134 2,700

common stock 4,312 4,400

retained earnings 1,464 1,000

Total common equity 5,776 5,400

Total Liabilities and equity 8,910 8,100

a. what is the operating profit after taxes (NOPAT) for 2013

b. what are the amounts of net operating working capital for both years

c. what are the amounts of net operating working capital for both years

d. what is the free cash flow for 2013

e. what is the ROIC for 2013

f. how much of the FCF did Rhodes use for each of the following purposes:after tax interest, net debt repayments, dividends, net stock purchase, and net purchases of short term investments. (hint: remember that a net use can be negative).