23 Jul WHAT IS THE NET OPERATING PROFIT AFTER TAXES (NOPAT) FOR 2013?
Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dolla Show more Free Cash Flows Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2013 2012 Sales $4950.0 $4500.0 Operating costs excluding depreciation 4208.0 3825.0 Depreciation and amortization 145.0 126.0 Earnings before interest and taxes $597.0 $549.0 Less: Interest 106.0 97.0 Pre-tax income $491.0 $452.0 Taxes (40%) 196.4 180.8 Net income available to common stockholders $294.6 $271.2 Common dividends $265.0 $217.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2013 2012 Assets Assets Assets Assets Cash $76.0 $63.0 Short-term investments 25.0 23.0 Accounts receivable 702.0 540.0 Inventories 900.0 720.0 Total current assets $1703.0 $1346.0 Net plant and equipment 1449.0 1260.0 Total assets $3152.0 $2606.0 Liabilities and Equity Liabilities and Equity Liabilities and Equity Liabilities and Equity Accounts payable $362.0 $315.0 Accruals 311.0 270.0 Notes payable 99.0 90.0 Total current liabilities $772.0 $675.0 Long-term bonds 990.0 900.0 Total liabilities $1762.0 $1575.0 Common stock 1279.4 950.0 Retained earnings 110.6 81.0 Total common equity $1390.0 $1031.0 Total liabilities and equity $3152.0 $2606.0 Using Rhodes Corporations financial statements (shown above) answer the following questions. What is the net operating profit after taxes (NOPAT) for 2013? Enter your answer in millions. For example an answer of $1.2 million should be entered as 1.2 not 1200000. Round your answer to one decimal place. $ million What are the amounts of net operating working capital for both years? Enter your answer in millions. For example an answer of $1.2 million should be entered as 1.2 not 1200000. Round your answers to one decimal place. 2013 $ million 2012 $ million What are the amounts of total net operating capital for both years? Enter your answer in millions. For example an answer of $1.2 million should be entered as 1.2 not 1200000. Round your answers to one decimal place. 2013 $ million 2012 $ million What is the free cash flow for 2013? Enter your answer in millions. For example an answer of $1.2 million should be entered as 1.2 not 1200000. Round your answer to one decimal place. $ million What is the ROIC for 2013? 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 answer in millions. For example an answer of $1.2 million should be entered as 1.2 not 1200000. Round your answers to one decimal place. After-tax interest payment $ million Reduction (increase) in debt $ million Payment of dividends $ million Repurchase (Issue) stock $ million Purchase (Sale) of short-term investments $ million Show less
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