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Kuipers, Inc. 2018 statement of comprehensive income ($ in millions ) Net sales $1,384 Less: Cost of goods sold 605 Less: Depreciation 180 Earnings before
Kuipers, Inc. 2018 statement of comprehensive income ($ in millions) | |
Net sales | $1,384 |
Less: Cost of goods sold | 605 |
Less: Depreciation | 180 |
Earnings before interest and taxes | 599 |
Less: Interest paid | 80 |
Taxable income | 519 |
Less: Taxes | 156 |
Net income | $363 |
Addition to retained earnings | $254 |
Dividends paid | 109 |
Kuipers, Inc. 2017 and 2018 Statement of financial positions ($ in millions) | ||||||
2017 | 2018 | 2017 | 2018 | |||
Cash | $100 | $121 | Accounts payable | $400 | $350 | |
Accounts rec. | 350 | 425 | Notes payable | 390 | 370 | |
Inventory | 440 | 410 | Total | $790 | $720 | |
Total | $890 | $956 | Long-term debt | 500 | 550 | |
Net fixed assets | 1,556 | 1,704 | Owners equity | |||
Common stock | 600 | 580 | ||||
Retained earnings | 556 | 810 | ||||
Total | 1,156 | 1,390 | ||||
Total assets | $2,446 | $2,660 | Total liabilities | $2,446 | $2,660 |
What is the firm's cash flow to stockholders for 2018 ($ in millions)?
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