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Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2016 2015 Sales $1,100.0 $1,000.0 Ope
Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2016 2015 Assets Cash $14.0 $11.0 Short-term inves
a. What is the net operating profit after taxes (NOPAT) for 2016? Enter your answer in millions. For example, an answer of $1
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Answer #1

EBIT (1- tax) a) NOPAT 17 (1-0.40) $167 x 0. 6o $ 100.2 million Pyable b) Net [Casht ventoryt Receadu-[Acerwals opeaing Weski

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