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Nabors, Inc. - 2018 statement of comprehensive income ($ in millions) Net sales $9,610 Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before
Nabors, Inc. - 2018 statement of comprehensive income ($ in millions) Net sales $9,610 Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and 1,930 taxes Less: Interest paid 630 Taxable income $1,300 Less: Taxes 455 Net income $845 Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) 2017 2018 2017 2018 Cash $310 $405 Accounts $2,720 $2,570 payable Accounts 2,640 3,055 Notes 100 0 payable Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long-term 7,875 8,100 debt Net fixed 10,960 10,670 Common 5,000 5,250 assets stock rec. D. Casn $310 $405 Accounts 2,120 $2,570 payable Accounts 2,640 3,055 Notes 100 0 rec. payable Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long-term 7,875 8,100 debt Net fixed 10,960 10,670 Common 5,000 5,250 assets stock Retained 1,490 2,060 earnings Total $17,185 $17,980 Total liab. $17,185 $17,980 assets & equity What is the change in the net working capital from 2017 to 2018 ($ in millions)? $1,335 $1,235 $3,405 $4,740 $1,035 Question 2 (2 points) 10 MacBook Air DOO F3 F6 F7 FB
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