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The following income statement and balance sheets should be used for Questions 1 through 5 Delco Accents, Inc. 2022 Income Statement ($ in millions) Net

The following income statement and balance sheets should be used for Questions 1 through 5

Delco Accents, Inc. 2022 Income Statement ($ in millions)

Net sales $12,456

Less: Cost of goods sold 6,762

Less: Depreciation 1,903

Earnings before interest and taxes 3,791

Less: Interest paid 825

Earnings before taxes 2,966

Less: Taxes 1,038

Net income $1,928

Addition to retained earnings $ 1,213

Dividends paid 715

Delco Accents, Inc. 12/31/21 and 12/31/22 Balance Sheet ($ in millions)

2021 2022 2021 2022

Cash $1,596 $1,883 Accounts payable $1,261 $1,488

Accounts rec. 2,698 3,184 Notes payable 2,852 3,365

Inventory 1,541 1,818 Total $4,113 $4,853

Total $5,835 $6,885 Long-term debt 7,372 7,624

Net fixed assets 21,872 23,096 Common stock 5,731 5,800

Retained earnings 10,491 11,704

Total assets $27,707 $29,981 Total liabilities $27,707 $29,981

What is the firms operating cash flow for 2022?

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