I need help with this im not sure how to solve FCF like this ...

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I need help with this im not sure how to solve FCF like this
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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. X Onen 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 millons. 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 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 e. What is the ROIC for 2018? Round your apswer to one decimal place. % 1. 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 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. $ million $ million $ After-tax interest payment Reduction (increase) in debt Payment of dividends Repurchase (Issue) stock Purchase (Sale) of short-term Investments million $ million $ million B C D E G A Free Cash Flows (All dollar values are provided in millions.) 2018 Sales, ST Invest, Notes Pay, LT Debt factor increase Operating costs as % of sales Cash factor increase Accts. Rec factor increase Inventory factor increase Net Plant & Equip factor increase Accts Pay factor increase Accruals factor increase 1.15 75.00% 1.10 1.15 1.10 1.25 1.25 1.25 2017 Sales Cash as % of sales Accts Rec as % of sales Inventory as % of sales Net Plant & Equip as % of sales Accts Pay as % of sales Accruals as % of Sales $5,000 1.30% 13.00% 23.00% 29.00% 9.00% 4.00% Depreciation as % of Net Plant & Equip Interest rate Tax rate 5. Payout rate 10.00% 10.00% 40.00% 90.00% Operating cost as % of sales Depreciation as % of Net Plant & Equip Interest rate Tax rate Payout rate Short-term investments as % of sales Notes payable as % of sales Long-term debt as % of sales Retained oarings multiple factor 85.00% 10.00% 10.00% 40.00% 80.00% 0.50% 2.00% 20.00% 1.50 3 1 2 Income Statements: 3 Sales Operating costs excluding depreciation 5 Depreciation and amortization 6 Earnings before interest and taxes 7 Less interest 8 Pre-tax income 9 Taxes 0 Net income available to common stockholders 1 Common dividends Sheet1 + 2018 $5,750.0 4,312.5 181.3 $1,256.3 123.6 $1,132.6 453.1 $6796 56116 2017 $5,000.0 4,250.0 145.0 $6050 107.5 $497.5 199.0 $298.5 $238.8 A B D E F 32 2018 2017 $71.5 28.8 747.5 1,265.0 $2,112.8 1,812.5 $3,925.3 $65.0 25.0 650.0 1,150.0 $1,890.0 1,450.0 $3,340.0 33 Balance Sheets: 34 Assets 35 Cash 36 Short-term investments 37 Accounts receivable 38 Inventories 39 Total current assets 40 Net plant and equipment 41 Total assets 42 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 51 Retained earnings 52 Total common equity 53 Total liabilities and equity 54 55 56 NOPAT 2018 57 58 NOWC2018 59 NOWC2017 60 61 Total net operating capital2018 62 Total net operating capital2017 $562.5 250.0 115.0 $927.5 1,150.0 $2,077.5 1,690.2 157.5 $1,847.8 $3,925.3 $450.0 200.0 100.0 $750.0 1,000.0 $1,750.0 1,500.5 89.6 $1.590.0 $3,340.0 FORMULAS #N/A #N/A #N/A #N/A #N/A B E D DU. $1,847.8 $3,925.3 $1,590.0 $3,340.0 FORMULAS #N/A TO Yg 52 Total common equity 53 Total liabilities and equity 54 55 56 NOPAT 2018 57 58 NOWC2016 59 NOWC2017 60 61 Total net operating capital2018 62 Total net operating capital2017 63 64 Free cash flow 2018 #N/A #N/A #N/A #N/A #N/A 65 #N/A 66 ROIC2018 67 68 Uses of free cash flow 69 After-tax interest payment 70 Reduction (increase) in debt 71 Payment of dividends 72 Repurchase (issue) stock 73 Purchase (sale) of short-term investments 74 Total 75 76 77 #N/A #N/A #N/A #N/A #N/A #N/A

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