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Financial Management Week One




Question;Using Rhodes Corporation?s financial statements (shown below), answer the following questions.a. What is the net operating profit after taxes (NOPAT) for 2010?b. What are the amounts of net operating working capital for both years?c. What are the amounts of total net operating capital for both years?d. What is the free cash flow for 2010?e. What is the ROIC for 2010?f. 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.)20102009Sales$11,000$10,000Operating costs excludingDepreciation9,3608,500Decpreciation380360Earnings before interest and taxes$1,260$1,140Less Interest120100Earnings before taxes$1,140$1,040Taxes 40%456416Net income available to common stockholders684624Common dividends22022020102009AssetsCash$550$500Short-term investments110100Accounts receivable2,7502,500Inventories1,6501,500Total current assets$5,060$4,600Net Plant & Equipment3,8503,500Total Assets$8,910$8,100


Paper#51401 | Written in 18-Jul-2015

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