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Dixie Duck Corporation made sales of $900 million during 2021 Of this amount, Dixie Duck collected cash for $585 million. The company's cost of goods
Dixie Duck Corporation made sales of $900 million during 2021 Of this amount, Dixie Duck collected cash for $585 million. The company's cost of goods sold was $310 million, and all other expenses for the year totaled $475 million Also during 2021, Didie Duck paid $350 million for its inventory and $275 million for everything else. Beginning cash was $90 million. a. How much was Dixie Duck's net income for 2021? b. How much was Dixie Duck's ash balance at the end of 20217 a. How much was Dixie Duck's net income for 2021? Net income for 2021 in millions= $ 115 b. How much was Dixie Duck's cash balance at the end of 20212 Cash balance at the end of 2021 in millions
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