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Qwerty, Inc 2017 Income Statement ($ in millions) Net sales $9,610 Less: cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and taxes
Qwerty, Inc 2017 Income Statement ($ in millions) | |
Net sales | $9,610 |
Less: cost of goods sold | 6,310 |
Less: Depreciation | 1,370 |
Earnings before interest and taxes | 1,930 |
Less: Interest paid | 630 |
Taxable Income | $1,300 |
Less: Taxes | 455 |
Net income | $845 |
Qwerty, Inc Statement of Financial Position ($ in millions) | |||||
2016 | 2017 | 2016 | 2017 | ||
Cash | $310 | $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 cash flow of the firm for 2017?
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