Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Nabors, Inc. 2008 Income Statement ($ in millions) Net Sales $9,610 Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and taxes
Nabors, Inc. 2008 Income Statement ($ in millions) | |
Net Sales | $9,610 |
Less: Cost of goods sold | 6,310 |
Less: Depreciation | 1,370 |
Earnings before interest and taxes | 1,930 |
Less: Interest Paid | 630 |
Taxable Income | $1,300 |
Less: Taxes | 455 |
Net income | $845 |
Nabors, Inc. 2007 and 2008 Balance Sheets ($ in millions) | |||||
2007 | 2008 | 2007 | 2008 | ||
Cash | $ 310 | $ 405 | Accounts payable | $ 2,720 | $ 2,570 |
Accounts rec. | 2,640 | 3,055 | Notes payable | 100 | 0 |
Inventory | 3,275 | 3,850 | Total | $ 2,820 | $ 2,570 |
Total | $ 6,225 | $ 7,310 | Long-term debt | 7,875 | 8,100 |
Net fixed assets | 10,960 | 10,670 | Common stock | 5,000 | 5,250 |
Retained earnings | 1,490 | 2,060 | |||
Total assets | $17,185 | $17,980 | Total liab & equity | $17,185 | $17,980 |
If you were valuing this company and needed to determine the operating cash flow for 2008, what would it be?
$2845 | ||
$485 | ||
$1,340 | ||
$2,590 | ||
$3,100 |
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