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St. Pierre Corporation made sales of $625 million during 2018. Of this amount, St. Pierre collected cash for $795 million. The company's cost of goods
St. Pierre Corporation made sales of $625 million during 2018. Of this amount, St. Pierre collected cash for $795 million. The company's cost of goods sold was $250 million, and all other expenses for the year totaled $300 million. Also during 2018, St. Pierre paid $425 million for its inventory and $285 million for everything else. Beginning cash was $80 million. a. How much was St. Pierre's net income for 2018? b. How much was St. Pierre's cash balance at the end of 2018? a. How much was St. Pierre's net income for 2018? St. Pierre's net income for 2018 is $ 245 million How much was St. Pierre's cash balance at the end of 2018? St. Pierre's cash balance at the end of 2018 is S million
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