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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 interest

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 taxes

1,930

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 payable

$2720

2570

A/R

2,640

3,055

Notes payable

100

0

Inventory

3,275

3,850

Total

2820

2570

Total

6,225

7,310

Long-term debt

7875

8100

Net fixed assets

10,960

10,670

Common stock

5000

5250

Retained earnings

1490

2060

Total Assets

17,185

17980

Total liab. & equity

17,185

17,980

What is the cash flow from assets for 2018 ($ in millions)? Did the company have-2570

sufficient money to buy back 12% of its outstanding stocks?

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