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WILDHACK CORPORATION 2019 Income Statement ($ in millions) Sales $3,756 Cost of goods sold 2,453 Depreciation 490 Earnings before interest and taxes $ 813 Interest
WILDHACK CORPORATION 2019 Income Statement ($ in millions) Sales $3,756 Cost of goods sold 2,453 Depreciation 490 Earnings before interest and taxes $ 813 Interest paid 613 Taxable income $ 200 Taxes (21%) 42 Net income $ 158 WILDHACK CORPORATION Balance Sheets as of December 31, 2018 and 2019 (s in millions) 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets Current liabilities Cash $ 120 $ 88 Accounts payable $ 124 $ 144 Accounts receivable 224 192 Notes payable 1,412 1,039 Inventory 424 368 Total $1,536 $1,183 Total $ 768 $ 648 Long-term debt $1,804 $2,077 Fixed assets Owners' equity Net plant and equipment $5,228 $5,354 Common stock and paid-in surplus $ 300 $ 300 Retained earnings 2,356 2,442 Total $2,656 $2,742 Total assets $5.996 $6,002 Total liabilities and owners' equity $5,996 $6,002 Question 6 Wildhack's Cash Flow to Shareholders during 2019 was: $72 $300 $0 $86 $158
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