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GameStart, Corp. 2018 and 2019 Balance Sheets ($ in millions) 2018 2019 2018 2019 Cash $ 300 $ 330 Accounts payable $ 1650 $ 1560

GameStart, Corp.

2018 and 2019 Balance Sheets

($ in millions)

2018

2019

2018

2019

Cash

$

300

$

330

Accounts payable

$

1650

$

1560

Accounts receivable

1140

1040

Long-term debt

1170

1370

Inventory

2020

1800

Common stock

3480

3460

Total current assets

$

3460

$

3170

Retained earnings

710

960

Net fixed assets

3550

4180

Total assets

$

7010

$

7350

Total liabilities and equity

$

7010

$

7350

GameStart, Corp.

2019 Income Statement

($ in millions)

Net sales

$

10,020

Cost of goods sold

8110

Depreciation

500

Earnings before interest and taxes

$

1410

Interest paid

118

Taxable income

$

1292

Taxes

452

Net income

$

840

Based on the information above, is the change in inventory a cash inflow or outflow?

Based on the information above, what is the net cash from financing?

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