Using Rhodes Corporations financial statement (see below), anwser the following questions and show work: I have been provided the answers for each question but must show the exact work and formulas. Show all 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

b. what are the amounts of net operating working capital for both years---answers is NOWC = 3.0 billion

c. what are the amounts of TOTAL net operating working capital for both years--answer is NOWC = 3.3 billion