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 $ million 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 2018 $ million 2017 $ million 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 2018 $ million 2017 $ million 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 $ million What is the ROIC for 2018 Round your answer to one decimal place 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 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 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 2 82 50 1 2 1 1 1 2 1 1 1 25 1 2 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 $3,500 1 40 10 00 16 00 26 00 8 00 8 00 Depreciation as of Net Plant Equip Interest rate Tax rate Payout rate 10 00 10 00 40 00 90 00 85 00 10 00 10 00 40 00 80 00 0 50 2 00 20 00 1 5 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 2018 $4,200 00 3,465 00 100 1 $634 90 90 3 $544 60 217 8 $326 80 Operating cost as of sales Depreciation as of Net Plant Equip Interest rate Tax rate Payout rate Short term investments as of sales 2017 Notes payable as of sales $3,500 00 Long term debt as of sales 2,975 00 Retained eamings multiple factor 91 $434 00 75 3 $358 80 143 5 $215 30 $294 10 $172 20 2018 Balance Sheets Assets Cash Short term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $58 80 21 385 672 $1,136 80 1 001 00 $2,137 80 2017 Liabilities and Equity Accounts payable $49 00 Accruals 17 5 Notes payable 350 Total current liabilities 560 Long term debt $976 50 Total liabilities 910 Common stock $1,886 50 Retained earnings Total common equity Total liabilities and equity $350 00 336 84 $770 00 840 $1,610 00 430 5 97 3 $280 00 280 70 $630 00 700 $1,330 00 491 9 64 6 $556 50 $1,886 50 $527 80 $2,137 80

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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

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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.

$ million
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.

2018 $ million

2017 $ million
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.

2018 $ million

2017 $ million
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.

$ million
What is the ROIC for 2018? Round your answer to one decimal place.

%

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.

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

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 1.2 82.50% 1.2 1.1 1.2 1.1 1.25 1.2 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 $3,500 1.40% 10.00% 16.00% 26.00% 8.00% 8.00% Depreciation as % of Net Plant & Equip Interest rate Tax rate Payout rate 10.00% 10.00% 40.00% 90.00% 85.00% 10.00% 10.00% 40.00% 80.00% 0.50% 2.00% 20.00% 1.5 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 2018 $4,200.00 3,465.00 100.1 $634.90 90.3 $544.60 217.8 $326.80 Operating cost as % of sales Depreciation as % of Net Plant & Equip Interest rate Tax rate Payout rate Short-term investments as % of sales 2017 Notes payable as % of sales $3,500.00 Long-term debt as % of sales 2,975.00 Retained eamings multiple factor 91 $434.00 75.3 $358.80 143.5 $215.30 $294.10 $172.20 2018 Balance Sheets: Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets $58.80 21 385 672 $1,136.80 1.001.00 $2,137.80 2017 Liabilities and Equity Accounts payable $49.00 Accruals 17.5 Notes payable 350 Total current liabilities 560 Long-term debt $976.50 Total liabilities 910 Common stock $1,886.50 Retained earnings Total common equity Total liabilities and equity $350.00 336 84 $770.00 840 $1,610.00 430.5 97.3 $280.00 280 70 $630.00 700 $1,330.00 491.9 64.6 $556.50 $1,886.50 $527.80 $2,137.80