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Q8) Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash
Q8) Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash from operating activities for 2018 for EFG? Select the best one.
I. $113.38 billion
II. $107.38 billion
III. $7.38 billion
IV. $77.38 billion
Below are selected financial data on EFG Industries Inc. Assume that other non-cash items are zero. Based on these data, what is the cash from operating activities for 2018 for EFG? Select the best one. Income Statement for 2018 (in $-billions) Revenues $300.00 Cost of Goods Sold ($140.00) Gross Profit $160.00 Selling, General, and Administrative Expenses Research and Development Depreciation & Amortization Operating Income ($15.00) ($10.00) ($50.00) $85.00 Other income EBIT $3.00 $88.00 Interest Expense Pretax Income ($7.50) $80.50 Income Tax Net Income ($20.13) $60.38 Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in $-billions) 2018 2017 Liabilities $30.00 $30.00 Accounts Payable $38.00 $40.00 Short-Term Debt $15.00 $12.00 Current Maturities of Long-Term Debt $4.00 $3.80 Other Current Liabilities $87.00 $85.80 Total Current Liabilities 2018 2017 $20.00 $22.00 $10.00 $9.50 $15.00 $14.25 $15.00 $14.25 $60.00 $60.00 Property, Plant & Equipment Less Accumulated Depreciation Net Property, Plant & Equipment $120.00 $114.00 Long-Term Debt ($40.00) ($38.00) Capital Lease Obligations $80.00 $76.00 Total Debt $80.00 $76.00 $0.00 $0.00 $80.00 $76.00 Goodwill & Intangible Assets Other Long-Term Assets $5.00 $17.00 $4.75 Deferred Taxes $16.15 Other Long-Term Liabilities ($12.00) ($11.40) $22.00 $20.90 Total Liabilities $150.00 $145.50 Shareholders' Equity $39.00 $37.20 $189.00 $182.70 Total Liabilities and Shareholders' Equity $189.00 $182.70 Total Assets Ol. $113.38 billion II. $107.38 billion O III. $7.38 billion O IV. $77.38 billionStep by Step Solution
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