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please tell the net new borrowings for 2018 Nabors, Inc. 2018 statement of comprehensive income ($ in millions) Net sales Less: Cost of goods sold
please tell the net new borrowings for 2018
Nabors, Inc. 2018 statement of comprehensive income ($ in millions) Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes INet income $9,610 6,310 1,370 1,930 630 $1,300 455 $845 Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) 2017 2018 2017 2018 $3101 $405 Accounts payable $2,720 $2,570 2.640 3,055 Notes payable 100 0 3.275 3,850 Total $2,820 $2,5701 $6,225 $7,310 Long-term debt 7,875 8.100 Cash Accounts rec. Inventory Total PA Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) 20171 2018 2017 2018 Cash $3101 $405 Accounts payable $2,720 $2,570 Accounts rec. 2,640 3,055 Notes payable 100 0 Inventory 3,275 3,850 Total $2,820 $2,570 Total $6,225 $7,310 Long-term debt 7,875 8,100 Net fixed assets 10,960 10,670 Common stock 5,000 5,250 Retained earnings 1,490 2,060 Total assets $17,185 $17.980 Total liab. & equity $17.185 $17.980 What is the amount of net new borrowing for 2018 ($ in millions)? Multiple Choice 6 O Multiple Choice $0 O -$225 O O O $225 O -$25 O $25 Step by Step Solution
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