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The following information (S in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,876 Total assets $4,376 End of year
The following information (S in millions) comes from a recent annual report of Orinoco.com, Incorporated:
Net sales $ 10,876
Total assets $4,376
End of year balance in cash $1,095
Total stockholders' equity $508
Gross profit (Sales - Cost of Sales) $2,461
Net increase in cash for the year $20
Operating expenses $2,048
Net operating cash flow $639
Other income (expense), net $(31)
Compute Orinoco's cost of goods sold for the year
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