Question
Using Partial Financial Statement Information to Compute Amount- Use the following information ($ in millions) from 3D Company to determine the missing amounts. You must
Using Partial Financial Statement Information to Compute Amount- Use the following information ($ in millions) from 3D Company to determine the missing amounts. You must show your work to receive credit for your answer. (1 point per question.)
Net sales $10,711
Total assets 4,363
End of year balance in cash 1,022
Income tax expense 70
Retained earnings 400
Gross profit 2,456
Net increase in cash for the year 9
Operating expenses 2,067
Net operating activities cash flow 702
Other income (expense), net (12)
Paid in capital 31
A) What was 3Ds balance in cash at the beginning of the year?
B) What was 3D's total liabilities at the end of the year?
C) What was 3D's cost of goods sold for the year?
D) What was 3Ds net income or (loss) for the year?
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