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Rhodes Corporation: Income Statements for Year EndingDecember 31 (Millions of Dollars)20162015Sales$10,800.0$9,000.0Operating costs excluding depreciation8,910.07,650.0Depreciation and amortization293.0234.0 Earnings before interest and taxes$1,597.0$1,116.0Less Interest232.0194.0 Pre-tax income$1,365.0$922.0Taxes (40%)546.0368.8Net income available to common stockholders$819.0$553.2Common dividends$737.0$443.0Rhodes Corporation: Balance Sheets as of December 31(Millions of Dollars)20162015AssetsCash$119.0$108.0Short-term investments54.045.0Accounts receivable1,386.01,260.0Inventories1,485.01,350.0 Total current assets$3,044.0$2,763.0Net plant and equipment2,925.02,340.0Total assets$5,969.0$5,103.0Liabilities and EquityAccounts payable$702.0$540.0Accruals693.0630.0Notes payable216.0180.0 Total current liabilities$1,611.0$1,350.0Long-term debt2,160.01,800.0 Total liabilities$3,771.0$3,150.0Common stock1,951.01,788.0Retained earnings247.0165.0 Total common equity$2,198.0$1,953.0Total liabilities and equity$5,969.0$5,103.0Using Rhodes Corporation's financial statements (shown above),answer the following questions.What is the net operating profit after taxes (NOPAT) for 2016?Enter your answer in millions. For example, an answer of $1.2million should be entered as 1.2, not 1,200,000. Round your answerto one decimal place.$ millionWhat are the amounts of net operating working capital for bothyears? Enter your answer in millions. For example, an answer of$1.2 million should be entered as 1.2, not 1,200,000. Round youranswers to one decimal place.2016 $ million2015 $ millionWhat are the amounts of total net operating capital for bothyears? Enter your answer in millions. For example, an answer of$1.2 million should be entered as 1.2, not 1,200,000. Round youranswers to one decimal place.2016 $ million2015 $ millionWhat is the free cash flow for 2016? Enter your answer inmillions. For example, an answer of $1.2 million should be enteredas 1.2, not 1,200,000. Round your answer to one decimalplace.$ millionWhat is the ROIC for 2016? Round your answer to two decimalplaces.%How much of the FCF did Rhodes use for each of the followingpurposes: after-tax interest, net debt repayments, dividends, netstock repurchases, and net purchases of short-term investments?(Hint: Remember that a net use can be negative.) Enteryour answer in millions. For example, an answer of $1.2 millionshould be entered as 1.2, not 1,200,000. Round your answers to onedecimal place.After-tax interest payment$ millionReduction (increase) in debt$ millionPayment of dividends$ millionRepurchase (Issue) stock$ millionPurchase (Sale) of short-term investments$ million
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