Using Rhodes Corporation's financial statements (shown below), answer the following questions.

a. What is the net 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 total net operating capital for both years?

d. What is the free cash flow for 2013?

e. What is the ROIC for 2013?

Rhodes Corporation: Income Statements for Year Ending December 31

(Millions of Dollars)

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

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2013 $11,000 2012 $10,000 Sales Operating costs Depreciation and amortization Earnings before interest and taxes excluding depreciation 9,360 8,500 S 1,260 S 1,140 Less interest Pre-tax income Taxes (40%) Net income available to common stockh olders Common dividends S 1,140 456 S 684 S 220 S 1,040 416 S 624 S 200 2013 2012 Assets S 550 110 $ 500 Short-term investments 2,500 1,500 $4,600 Inventories Net plant and equipment Total assets $5,060 3,850 $8,910 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 $1,100 550 $1,000 $2,034 100 $3,134 4,312 $1,700 00 $2,700 4,400 $8910 S8100