Take Test: HW2 course web.pitt.ed 2167 ECON QUESTION 16 Hilltop Industries 2007

Question

Take Test: HW2 course web.pitt.ed 2167 ECON QUESTION 16 Hilltop Industries 2007 Income Statement in millions) Net sales $11,407 Less: Cost of goods sold 7,871 Less: Depreciation 509 Earnings before interest and taxes 2,027 Less: Interest paid 210 1,817 Taxable Income Less: Taxes 636 Net income 1,181 Hilltop Industries 2006 and 2007 Balance Sheets in millions) 2006 2007 2006 2007 Accounts payable $1,818 $1,719 Cash 276 316 Accounts rec 1,415 1,068 Notes payable 250 75 Total 2,104 $2,068 $1,794 Inventory 2,690 Total $3.795 $4.074 Long-term deb 3.400 3,100 Net fixed assets 5,613 6,342 Common stock 2,500 3,250 Retained earnings 1.44 2,272 Total assets $9.408 $10.4 Total liab.& equity 408 $10,416 What is the cash flow from assets for 2007? $109 $247 $508 $967 $1,215 My Pitt H 2167 ECON 02 gb fri flashcards Q 5 points Sa

Explanation / Answer

$ 109

Cash flow from assets = Operating cash flow - Capital Spending - Addition to Net working capital = 2900 - 2238 - 553 = 109

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.