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Below are selected financial data on Bore Industries Inc. Assume that other non-cash items are zero. Based on these data, calculate the cash from operating
Below are selected financial data on Bore Industries Inc. Assume that other non-cash items are zero. Based on these data, calculate the cash from operating activities for 2018 for Bore. Express the cash from operating activities in $-billions and round to two decimals (do not include the $-sign in your answer). Income Statement 2018 (in $-billions) Revenues $400.00 Cost of Goods Sold ($200.00) Gross Profit $200.00 Selling, General, and Administrative Expenses Research and Development Depreciation & Amortization Operating Income ($30.00) ($50.00) ($50.00) $70.00 Other income EBIT $10.00 $80.00 Interest Expense Pretax Income ($7.50) $72.50 Income Tax Net Income ($18.13) $54.38 Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in $-billions) 2018 2017 Liabilities $15.00 $15.00 Accounts Payable $60.00 $50.00 Short-Term Debt $75.00 $70.00 Current Maturities of Long-Term Debt $4.00 $3.80 Other Current Liabilities $154.00 $138.80 Total Current Liabilities 2018 2017 $45.00 $40.00 $25.00 $23.75 $0.00 $0.00 $15.00 $14.25 $85.00 $78.00 Property, Plant & Equipment $250.00 $237.50 Long-Term Debt Less Accumulated Depreciation ($40.00) ($38.00) Capital Lease Obligations Net Property, Plant & Equipment $210.00 $199.50 Total Debt $80.00 $76.00 $0.00 $0.00 $80.00 $76.00 Goodwill & Intangible Assets Other Long-Term Assets $90.00 $85.50 Deferred Taxes $5.00 $4.75 Other Long-Term Liabilities ($20.00) ($19.00) $10.00 $9.50 Total Liabilities $155.00 $144.50 Shareholders' Equity $304.00 $284.05 $459.00 $428.55 Total Liabilities and Shareholders' Equity $459.00 $428.55 Total Assets
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