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Excel Online Structured Activity: Free Cash Flows The data for Rhodes Corporation's has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet 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. Do not round intermediate calculations. 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 $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place. 2018 $ million 2017 $ million c. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place. 2018 $ million 2017 $ million d. What is the free cash flow 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. Do not round intermediate calculations. Round your answer to one decimal place. million B56 C F G H I J K 40 Net plant and equipment 41 Total assets B 1,152.0 $2,611.0 D 960.0 $2,192.0 43 Liabilities and Equity 44 Accounts payable 45 Accruals 46 Notes payable 47 Total current liabilities 48 Long-term debt 49 Total liabilities 50 Common stock Retained earings Total common equity 53 Total liabilities and equity $432.0 184.0 88.0 $704.0 880.0 $1,584.0 911.5 115.5 $1,027.0 $2,611.0 $360.0 160.0 80.0 $600.0 800.0 $1,400.0 716.8 75.2 $792.0 $2,192.0 51 FORMULAS NOPAT 2018 #N/A NOWC 2018 NOWC2017 #N/A #N/A 61 62 Total net operating capital2018 Total net operating capital2017 #N/A #N/A 63 #N/A 64 Free cash flow 2018 65 66 ROIC 2018 #N/A 2018 2017 Income Statements: Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax income Taxes Net income available to common stockholders Common dividends $4,400.0 3,520.0 115.2 $764.8 94.6 $670.2 268.1 $402.1 $361.9 $4,000.0 3,400.0 96.0 $504.0 86.0 $418.0 167.2 $250.8 $200.6 Excel Online Structured Activity: Free Cash Flows The data for Rhodes Corporation's has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet 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. Do not round intermediate calculations. 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 $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place. 2018 $ million 2017 $ million c. What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Do not round intermediate calculations. Round your answers to one decimal place. 2018 $ million 2017 $ million d. What is the free cash flow 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. Do not round intermediate calculations. Round your answer to one decimal place. million B56 C F G H I J K 40 Net plant and equipment 41 Total assets B 1,152.0 $2,611.0 D 960.0 $2,192.0 43 Liabilities and Equity 44 Accounts payable 45 Accruals 46 Notes payable 47 Total current liabilities 48 Long-term debt 49 Total liabilities 50 Common stock Retained earings Total common equity 53 Total liabilities and equity $432.0 184.0 88.0 $704.0 880.0 $1,584.0 911.5 115.5 $1,027.0 $2,611.0 $360.0 160.0 80.0 $600.0 800.0 $1,400.0 716.8 75.2 $792.0 $2,192.0 51 FORMULAS NOPAT 2018 #N/A NOWC 2018 NOWC2017 #N/A #N/A 61 62 Total net operating capital2018 Total net operating capital2017 #N/A #N/A 63 #N/A 64 Free cash flow 2018 65 66 ROIC 2018 #N/A 2018 2017 Income Statements: Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes Less interest Pre-tax income Taxes Net income available to common stockholders Common dividends $4,400.0 3,520.0 115.2 $764.8 94.6 $670.2 268.1 $402.1 $361.9 $4,000.0 3,400.0 96.0 $504.0 86.0 $418.0 167.2 $250.8 $200.6

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