Answered step by step
Verified Expert Solution
Question
1 Approved Answer
From the information given in the DEF Inc. financial statements, what is the firm's operating cash flows for 2020? $4310 millions $3920 millions $3819 millions
From the information given in the DEF Inc. financial statements, what is the firm's operating cash flows for 2020? $4310 millions $3920 millions $3819 millions $5429 millions 1 DEF Inc. 2 2020 Income Statement 3 ($ in millions) 4 Net sales 5 Cost of goods sold 6 Depreciation 7 EBIT 8 Interest 9 Taxable income LO Taxes 11 Net Income 12 Addition to retained earnings 13 Dividends paid 14 Cash Accounts Receivable Inventory Current Assets Net fixed assets 2019 $1,455 2,460 1,405 $5,320 19,300 $9,625 5,225 1,890 $2,510 850 $1,660 581 $1,079 679 $400 DEF Inc. Balance Sheet ($ in millions) 2020 $260 Accounts payuable 3,975 Notes payable 885 Current liabilities $5,120 Long term debt 21,720 Common stock Retained earnings $26,840 Total liabilieis and equity 2019 $1,150 2,600 $3,750 7,000 5,500 8,370 $24,620 2020 $2,863 1,628 $4,491 7,600 5,700 9,049 $26,840 Total assets $24,620
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started