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The Garden Corporation made sales of $800 million during 2021. Of this amount, The Garden collected cash for $670 million. The company's cost of goods
The Garden Corporation made sales of $800 million during 2021. Of this amount, The Garden collected cash for $670 million. The company's cost of goods sold was $330 million, and all other expenses for the year totaled $400 million. Also during 2021, The Garden paid $375 million for its inventory and $280 million for everything else. Beginning cash was $115 million. a. How much was The Garden's net income for 2021? b. How much was The Garden's cash balance at the end of 2021? a. How much was The Garden's net income for 2021? Net income for 2021 in millions =
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