Question: Please help solve 2018 2017 Sales $1,100.0 $1,000.0 Operating costs excluding depreciation 880.0 850.0 Depreciation and amortization 33.0 30.0 Earnings before interest and taxes $187.0

Please help solve
Please help solve 2018 2017 Sales $1,100.0 $1,000.0 Operating costs excluding depreciation
880.0 850.0 Depreciation and amortization 33.0 30.0 Earnings before interest and taxes
$187.0 $120.0 Less Interest 24.0 22.0 Pre-tax income $163.0 $98.0 Taxes (40%)

2018 2017 Sales $1,100.0 $1,000.0 Operating costs excluding depreciation 880.0 850.0 Depreciation and amortization 33.0 30.0 Earnings before interest and taxes $187.0 $120.0 Less Interest 24.0 22.0 Pre-tax income $163.0 $98.0 Taxes (40%) 65.2 39.2 Net Income available to common stockholders $97.8 $58.8 Common dividends $88.0 $47.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $13.0 Short-term investments 6.0 Accounts receivable 161.0 Inventories 288.0 Total current assets $468.0 Net plant and equipment 330.0 Total assets $798.0 Liabilities and Equity Accounts payable $91.0 Accruals 55.0 Notes payable 22.0 Total current liabilities $168.0 Long-term debt 220.0 $388.0 Total liabilities $11.0 5.0 140.0 250.0 $406.0 300.0 $706.0 $70.0 50.0 20.0 $140.0 200.0 $340.0 Depreciation and amortization 33.0 30.0 Earnings before interest and taxes $187.0 $120.0 Less Interest 24.0 22.0 Pre-tax income $163.0 $98.0 Taxes (40%) 65.2 39.2 Net income available to common stockholders $97.8 $58.8 Common dividends $88.0 $47.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash $13.0 $11.0 Short-term investments 6.0 5.0 Accounts receivable 161.0 140.0 Inventories 288.0 250.0 Total current assets $468.0 $406.0 Net plant and equipment 330.0 300.0 Total assets $798.0 $706.0 Liabilities and Equity Accounts payable $91.0 $70.0 Accruals 55.0 50.0 Notes payable 22.0 20.0 Total current liabilities $168.0 $140.0 Long-term debt 220.0 200.0 Total liabilities $388.0 $340.0 Common stock 382.2 348.0 Retained earnings 27.8 18.0 Total common equity $410.0 $366.0 Total liabilities and equity $798.0 $706.0 Using Rhodes Corporation's financial statements (shown above), answer the following questions. Total liabilities and equity $798.0 $705.0 Using Rhodes Corporation's financial statements (shown above), answer the following questions. a. 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. Round your answer to one decimal place. $ million 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. 2018: $ million mision 2017: S 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 2018: S 2017: million million d. What is the free cash flow for 20187 Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000 Cash outflow, if any, should be indicated by a minus sign. Round your answer to one decimal place. $ million e. What is the ROIC for 2018? 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.) Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place. After-tax interest payment $ million million S Reduction (increase) in debt Payment of dividends $ million million Repurchase (Issue) stock $ $ million Purchase (Sale) of short-term investments

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