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

a. What is the net operating profit after taxes (NOPAT) for 2010?

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 2010?

e. What is the ROIC for 2010?

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? Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

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

2009 2010 Sales $11,000 9,360 380 $10,000 Operating costs excluding depreciation Depreciation Earnings before interest and taxes Less interest Farnings before taxes Taxes (40%) Net income available to common stockholders Common dividends 8,500 360 $ 1,140 100 1,260 120 $ 1,140 456 2$ $ 1,040 416 624 684 $ 220 200