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Net Borrowing? (S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Less: Taxes Net income
Net Borrowing? (S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Less: Taxes Net income $21,415 16,408 1.611 3,396 1.282 $ 2.114 740 5 1,374 Galaxy Interiors 2017 and 2018 Balance Sheets (5 in millions) Cash Accounts receivable Inventory Total Net fixed assets 2017 2018 668 S 287 1.611 1.527 2,848 2.942 $16.127 4771 17489 17.107 Accounts payable Notes payable Total long-term debt Common stack Retained earnings Total lab. & equity 2017 2018 $1.594 $ 1.532 500 39194 9152 9,800 10,650 7.500 7,000 24122 2,595 $23,616 $21,878 Total assets $23.516 $21,878 What is the amount of net new borrowing for 2018? -$1,812; -$1,738; $240; $662: $850
Net Borrowing?
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