Using Rhodes Corporation's financial statements (shown below), answer the following questions.
a. What is the net operating profit after taxes (NOPAT) for 2012?
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 2012?
e. What is the ROIC for 2012?
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 of Dollars)

2012 2011 Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes $11,000 9,360 380 $ 1,260 120 1,140 456 $ 684 $ 220 $10,000 8,500 360 1,140 100 1,040 416 $ 624 $ 200 Less interest Earnings before taxes Taxes (40%) Net income available to common stockholders Common dividends 2012 2011 Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets 550 110 2,750 1,650 $5,060 3,850 $8,910 $500 100 2,500 1,500 $4,600 3,500 $8,100 2012 2011 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 $1,000 $1,100 550 $2,034 1,100 $3,134 4,312 1,464 $5,776 $8,910 $1,700 1,000 $2,700 4,400 1,000 $5,400 $8,100