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Net sales $10,711 Total assets 4,363 End of year balance in cash 1,022 Total stockholders' equity 431 Gross profit 2,456 Net increase in cash for
Net sales |
$10,711 |
Total assets | 4,363 |
End of year balance in cash | 1,022 |
Total stockholders' equity | 431 |
Gross profit | 2,456 |
Net increase in cash for the year | 9 |
Operating expenses | 2,067 |
Net operating cash flow | 702 |
Other income (expense), net | (12) |
The above information ($ in millions) comes from a recent annual report of Ardvark, Inc.:
Required:
- Compute Ardvark's total liabilities at the end of the year.
- Compute Ardvark's cost of goods sold for the year.
- Compute the income before income tax for Ardvark.
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