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The Garden Corporation made sales of $825 million during 2014. Of this amount, The Garden collected cash for all but $30 million. The company's cost
The Garden Corporation made sales of $825 million during 2014. Of this amount, The Garden collected cash for all but $30 million. The company's cost of goods sold was $270 million, and all other expenses for the year totaled $375 million. Also during 2014, The Garden paid $380 million for its inventory and $250 million for everything else. Beginning cash was $105 million. The Garden's top management is interviewing you ask two questions: ra job and they The Garden's net income for 2014? b. How much was The Garden's cash balance at the end of 2014? You will get the job only if you answer both questions correctly. (Enter all amounts in millions.)
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