Nabors Inc. 2009 Income Statement ($ in millions)
Bet 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. 2008 and 2009 Balance sheets ($ in millions)
	2008	2009		2008	2009
Cash	$310	$405	Accounts Pay	$2720	$2570
Accounts Rec.	2640	3055	Notes Pay	100	0
Inventory	3275	3850	Total	$2820	$2570
Total	$6225	$7310	Long Term Debt	7875	8100
Net Fixed Assets	10960	10670	Common stock	5000	5250
			Retained Earn	1490	2060
Total Assets	$17,185	$17,980	Total Liab & Equ	$17,185	$17,980

1. What is the amount of the noncash expenses for 2009?

A. $570

B. $630

C. $845

D. $1,370

E. $2,000

2. What is the change in the net working capital from 2008 to 2009?

A. $1,235

B. $1,035

C. $1,305

D. $1,335

E. $1535

3. What is the operating cash flow for 2009?

A. $845

B. $1,930

C. $2,215

D. $2,845

E. $3,060

4. What is the amount of the net capital spending for 2009?

A. -$290

B. $795

C. $1,080

D. $1,660

E. $2,165