Use the following to answer questions 3-4: Nabors, Inc. 2011 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 Cash Accounts rec. Inventory Total Net fixed assets Total assets 2010 Nabors, Inc. 2010 and 2011 Balance Sheets ($ in millions) 2011 $ 310 $ 405 2,640 3,055 3,275 3,850 $ 6,225 $ 7,310 10,960 10,670 $17,185 $17,980 Total 2010 2011 Accounts payable Notes payable $ 2,720 100 $ 2,570 0 $ 2,820 $2,570 7,875 8,100 5,000 5,250 1,490 2,060 $17,185 $17,980 Long-term debt Common stock Retained earnings Total liab.& equity QUESTION 3 What is the change in the net working capital from 2010 to 2011? A. $1,235 OB. $1,035 C. $1,335 OD. $3,405 QUESTION 4 What is the amount of the non-cash expenses for 2011? A. $570 B. $630 C. $845 D. $1,370 1 points Save