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Question Completion Status: uestion 6 Below are selected financial data on Heavyweight Industries Inc. Assume that other non-cash items are zero. Based on these data,
Question Completion Status: uestion 6 Below are selected financial data on Heavyweight Industries Inc. Assume that other non-cash items are zero. Based on these data, calculate the cash from operating activities for 2018 for Heavyweight. Express the cash from operating activities in $-billions and round to two decimals (do not include the $-sign in your an Income Statement for 2018 (in $-billions) Revenues $200.00 Cost of Goods Sold ($140.00) Gross Profit $60.00 Selling, General, and Administrative Expenses Research and Development Depreciation & Amortization Operating Income ($15.00) ($10.00) ($15.00) $20.00 Other income EBIT $3.00 $23.00 Interest Expense Pretax Income ($7.50) $15.50 Income Tax Net Income ($3.88) $11.63 Assets Cash & Short-Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Balance Sheet (in S-billions) 2018 2017 Liabilities $30.00 $30.00 Accounts Payable $45.00 $40.00 Short-Term Debt $15.00 $12.00 Current Maturities of Long-Term Debt $4.00 $3.80 Other Current Liabilities $94.00 $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 $80.00 $76.00 Property, Plant & Equipment $120.00 $114.00 Long-Term Debt Less Accumulated Depreciation ($40.00) ($38.00) Capital Lease Obligations Net Property, Plant & Equipment $80.00 $76.00 Total Debt $0.00 $0.00 $80.00 $76.00 Goodwill & Intangible Assets Other Long-Term Assets $5.00 $4.75 Deferred Taxes $17.00 $16.15 Other Long-Term Liabilities ($12.00) ($11.40) $22.00 $20.90 Total Liabilities $150.00 $145.50 Shareholders' Equity $46.00 $37.20 $196.00 $182.70 Total Liabilities and Shareholders' Equity $196.00 $182.70 Total Assets A Metbertin Ali
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