What is the net operating profit after taxes for 2010

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Using Rhodes Corporation's financial statements (shown below), answer the following questions. What is the net operating profit after taxes (NOPAT) for 2010? What are the amounts of net operating working capital for both years? 2010 $ million 2009 $ million What are the amounts of total net operating capital for both years? 2010 $ million 2009 $ million What is the free cash flow for 2010? $ million What is the ROIC for 2010? % 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 1,200,000. 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 Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2010 2009 Sales $11,000.0 $10,000.0 Operating costs excluding depreciation 9,3600.0 8,500.0 Depreciation 380.0 360.0 Earnings before interest and taxes $1,260.0 $1,140.0 Less: Interest 120.0 100.0 Earnings before taxes $1,140.0 $1,040.0 Taxes (40%) 456.0 416.8 Net income available to common stockholders $684.0 $624.2 Common dividends $220.0 $200.0 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2010 2009 Assets Cash and equivalents $550.0 $500.0 Short-term investments 110.0 100.0 Accounts receivable 2,750.0 2,500.0 Inventories 1,650.0 1,500.0 Total current assets $5,060.0 $4,600.0 Net plant and equipment 3,850.0 3,500.0 Total assets $8,910.0 $8,100.0 Liabilities and Equity Accounts payable $1,100.0 $1000.0 Accruals 550.0 500.0 Notes payable 384.0 200.0 Total current liabilities $2,034.0 $1,700.0 Long-term bonds 1,100.0 1,000.0 Total liabilities $3,134.0 $2,700.0 Common stock 4,312.0 4,400.0 Retained earnings 1,464.0 1000.0 Total common equity $5,776.0 $5,400.0 Total liabilities and equity $8,910.0 $8,100.0

Reference no: EM13274991

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