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What is the firms cash flow cash flow to shareholders for 2021? The following income statement and balance sheets should be used for Questions 1

What is the firms cash flow cash flow to shareholders for 2021?

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The following income statement and balance sheets should be used for Questions 1 through 5 Delco Accents, Inc. 2021 Income Statement ($ in millions) Net sales $10,556 Less: Cost of goods sold 4,854 Less: Depreciation 1,756 Earnings before interest and taxes 3,946 Less: Interest paid 850 Taxable income 3,096 Less: Taxes 650 Net income $2.446 Addition to retained earnings $2,121 Dividends paid 325 Delco Accents, Inc. 12/31/20 and 12/31/21 Balance Sheet ($ in millions) 2020 2021 2020 2021 Cash $1,455 $1,596 Accounts payable $1,150 $1,261 Accounts rec. 2,460 2,698 Notes payable 2.600 2.852 Inventory 1,405 1,541 $3,750 $4,113 Total $5,320 $5,835 Long-term debt 7,000 7,372 Net fixed assets 19,300 21,872 Common stock 5,500 5,731 Retained earnings 8,370 10.491 Total assets $24,620 $27,707 Total liabilities $24,620 $27,707 Total What is the firm's cash flow cash flow to shareholders for 2021? O A. $556 B. $325 O C. $128 D.-$462 O E. $94

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