Question
Use the following income statement and balance sheet to answer the next three questions Nabors, inc 2010 Income statement ($ in millions) Net sales $9,610
Use the following income statement and balance sheet to answer the next three questions Nabors, inc 2010 Income statement ($ in millions) Net sales $9,610 Less: cost of goods sold 6,310 Less: Depreciation 1.370 Earnings before interest and taxes 1,930 Less: Interest paid 630 Taxable Income $1.300 Less: Taxes 455 Net income $845 Nabors, Inc. 2009 and 2010 balance sheets ($ in millions) Cash (2009) $310 Accounts rec. 2,640 Inventory 3,275 Total $6225 Net fixed assets 10,960 Total assets $17.185 Accounts payable $2,720 Notes payable 100 Total $2,820 Long- term debt 7,875 Common stock 5,000 Retained earnings 1,490 Total liab& equity $17,185 Cash (2010) $405 Accounts rec. 3,055 Inventory 3,850 Total $3710 Net fixed assets 10.670 Total assets $17,980 Accounts payable 2,570 Notes payable 0 Total $2,570 Long- term debt 8,100 Common stock 5, 250 Retained earnings 2,060 Total liab& equity $17,980 What is the change in the net working capital from 2009 to 2010? Select one: 1. $1,235 2. $1,035 $1,335 3. $1,035 4. $3,405 5. $4,740 What is the operating cash flow for 2010? Select one: 1. $845 2. $1,930 3. $2,215 4. $2,845 5. $3,060 What is the cash flow of the firm for 2010? Select one: 1. $405 2. $1,340 3. $1,340 $430 4. $2,590 5. $3,100
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