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What is the net operating profit after taxes (NOPAT) for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.

1. $ million

What are the amounts of net operating working capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.

1. 2020: $ million
2. 2019: $ million

What are the amounts of total net operating capital for both years? Enter your answers in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.

1. 2020: $ million
2. 2019: $ million

What is the free cash flow for 2020? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest whole number.

What is the ROIC for 2020? Round your answer to two decimal places.

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 million should be entered as 1, not 1,000,000. Round your answers to the nearest whole number.

After-tax interest payment

Reduction (increase) in debt

Payment of dividends$

Repurchase (Issue) stock

Purchase (Sale) of short-term investments$ million

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $11,000 $10,000 Operating costs excluding depreciation 9,550 8,718 Depreciation and amortization 390 350 Earnings before interest and taxes $ 1,060 932 Less interest 220 200 Pre-tax income $ 840 732 Taxes (25%) 210 183 Net income available to common stockholders $ 630 $ 549 Common dividends $ 203 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 450 $ 400 Short-term investments 100 Accounts receivable 2,750 2,500 Inventories 1,450 1,300 Total current assets $ 4,760 $ 4,300 Net plant and equipment 3,650 3,500 Total assets $ 8,410 $ 7,800 110 380 Liabilities and Equity Accounts payable $ 900 $ 800 Accruals 450 400 Notes payable 200 Total current liabilities $ 1,730 $ 1,400 Long-term debt 900 800 Total liabilities $ 2,630 2,200 Common stock 4,653 4,900 Retained earnings 1,127 700 Total common equity $ 5,780 $ 5,600 Total liabilities and equity $8,410 $ 7,800 Suppose the federal-plus-state tax corporate tax is 25%. Answer the following questions

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