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The 20x2 financial statements for Coolwear, Inc. contained the following information ($ in millions):Net sales $ 10,882Total assets 4,483End of year balance in cash 1,118Total
The 20x2 financial statements for Coolwear, Inc. contained the following information ($ in millions):Net sales $ 10,882Total assets 4,483End of year balance in cash 1,118Total stockholders' equity 410Gross profit (Sales Cost of Sales) 2,500Net increase in cash for the year 13Operating expenses 2,050Net operating cash flow 680Other income (expense), net (13 )Compute Coolwear's income before income tax for the year ended December 31, 20x2.
$357
$557
$517
$437
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