Module 2- End of Chapter Assignment Chapter 02/ Chapter 03 Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax income Taxes (25%) Net income available to common stockholders Assets Cash Short-term investments Accounts receivable Inventories 2020 $11,000 9,500 360 Total current assets Net plant and equipment Total assets $1,140 240 900 225 675 $ $ Common dividends 201 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) $ 2020 $ 450 230 2,750 1,750 $5,180 3,750 2019 $10,000 8,674 330 996 200 to 030 $ 796 199 597 2019 $ 400 200 2,500 1,500 $4,600 3,500 40 Module 2- End of Chapter Assignment Chapter 02/ Chapter 03 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities i Long-term debt Total liabilities $900 450 368 Common stock Retained earnings $1,718 900 $800 400 200 $1,400 800 2,200 4,600 1,300 $5,900 $8,100 $2,618 4,538 1,774 Total common equity $6,312 Total liabilities and equity $8,930 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions. a. What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions. For example, an ander of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number. $ million e b. What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. Full Book 2020: S million 2019: S million c. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2020: $ million e2-1 - End of Chapter Assignment Chapter 02/ Chapter 03 2020: $ million 2019: $ million c. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number. 2020: $ million 2019: $ million d. What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number. million $ e. What is the ROIC for 2020? Round your answer to two decimal places. % f. 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.) Erfer your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest Whole number. After-tax interest payment Reduction (increase) in debt Payment of dividends Repurchase (Issue) stock Purchase (Sale) of short-term investments i $ $ $ $ $ million million million million million Full Book