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 $45.00 $25.00 $0.00 $15.00 $85.00 2017 $40.00 $23.75 $0.00 $14.25 $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 $0.00 $80.00 $76.00 $0.00 $76.00 Goodwill & Intangible Assets Other Long-Term Assets $90.00 $5.00 $85.50 Deferred Taxes $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 Suppose you are trying to compare the return on capital between different firms. Which of the following statements about the return on equity (ROE), the return on assets (ROA), and the return on invested capital (ROIC) is true? Ol. The ROIC is a better measure than ROE to compare different firms because the ROIC is not affected by differences in leverage. II. The ROIC is a better measure than the ROA to compare different firms because the ROA can be affected by differences in leverage. III. There is no advantage to using the ROIC relative to the ROE to compare firms as firms with higher a ROE will always have a higher ROIC than firms with a lower ROE. IV. Answers (1) and (II) are correct. OV. None of the above