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Western Country Corporation made sales of $ 900 million during 2021. Of this amount, Western Country collected cash for $ 670 million. The company's cost
Western Country Corporation made sales of $ 900 million during 2021. Of this amount, Western Country collected cash for $ 670 million. The company's cost of goods sold was $ 350 million, and all other expenses for the year totaled $ 350 million. Also during 2021, Western Country paid $ 350 million for its inventory and $ 265 million for everything else. Beginning cash was $ 110 million. a. How much was Western Country's net income for 2021? b. How much was Western Country's cash balance at the end of 2021? a. How much was Western Country's net income for 2021? Net income for 2021 in millions =
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