course web.pitt.ed Take Test: HW2 2167 ECON QUESTION 20 Hilltop Industries 2007 Income Statement in millions) Net sales $11,407 Less: Cost of goods sold 7,871 Less: Depreciation 509 Earnings before interest and taxes 2,027 Less: Interest paid 210 Taxable Income 1,817 Less: Taxes 636 1,181 Net income Hilltop Industries 2006 and 2007 Balance Sheets in millions) 2006 2007 2006 2007 Accounts payable $1,818 $1,719 Cash 276 316 Accounts rec 1,415 1.068 Notes payable 250 75 Total $2,068 $1,794 Inventory 2,104 2,690 Total $3.795 $4.074 Long-term debt 3.400 3,100 Common stock Net fixed assets 5,613 6,342 2,500 3,250 Retained earnings 1,44 272 Total assets $9,408 $10 Total liab.& equity 408 $10,416 What is the cash flow to stockholders for 2007? $582 $401 $87 $1,099 $2,013 Click Sango and submit to sayo and submit Click Saue Ali A to sayo all ansu,ors My Pitt H 2167 ECON 02 Mail Ogungbe fri flashcards Q 5 points Sav