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T 2 # 3 Timlin Corporation made sales of $900 million during 2021. Of this amount, Timlin collected cash for $670 millior million for its
T 2 # 3
Timlin Corporation made sales of $900 million during 2021. Of this amount, Timlin collected cash for $670 millior million for its inventory and $300 million for everything else. Beginning cash was $90 million. a. How much was Timlin's net income for 2021 ? b. How much was Timlin's cash balance at the end of 2021 ? a. How much was Timlin's net income for 2021 ? Net income for 2021 in millions = b. How much was Timlin's cash balance at the end of 2021 ? Cash balance at the end of 2021 in millions = alin collected cash for $670 million. The company's cost of goods sold was $350 million, and all other expenses for the yea s $90 million. million, and all other expenses for the year totaled $450 million. Also during 2021 , Timlin paid $420 a. Wuw muth was Trrisls net nome for 2021 ? b. Hsw much was Tmiris cash belanse at the end of 2021 ? a. Hod mach in as Timins ner income tor 2021 ? Net income for 2007 in nilions * b. How much was Trilich cash kalance of the end of 2021? Ceth be ance at the end of 2007 in milion = Step by Step Solution
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