Question
Using the following financial statements, what is the amount of the net capital spending for 2018 ($ in millions)? Nabors, Inc. 2018 statement of comprehensive
Using the following financial statements, what is the amount of the net capital spending for 2018 ($ in millions)?
Nabors, Inc. 2018 statement of comprehensive income ($ 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 | $845 |
Nabors, Inc. 2017 and 2018 Statement of financial positions ($ in millions) | |||||
| 2017 | 2018 |
| 2017 | 2018 |
Cash | $310 | $405 | Accounts payable | $2,720 | $2,570 |
Accounts rec. | 2,640 | 3,055 | Notes payable | 100 | 0 |
Inventory | 3,275 | 3,850 | Total | $2,820 | $2,570 |
Total | $6,225 | $7,310 | Long-term debt | 7,875 | 8,100 |
Net fixed assets | 10,960 | 10,670 | Common stock | 5,000 | 5,250 |
|
|
| Retained earnings | 1,490 | 2,060 |
Total assets | $17,185 | $17,980 | Total Liability & Equity | $17,185 | $17,980 |
Select one:
a. $1,660
b. -$290
c. $795
d. $2,165
e. $1,080
-Please just answer if you are 100% sure about your answer.
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