The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,898 Total assets 4,396 End of year balance in cash 1,176 Total stockholders' equity 470 Gross profit (Sales − Cost of Sales) 2,479 Net increase in cash for the year 21 Operating expenses 2,057 Net operating cash flow 616 Other income (expense), net (16) Compute the income before income tax for Orinoco. Multiple Choice $526 $406 $486 $326
The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,898 Total assets 4,396 End of year balance in cash 1,176 Total stockholders' equity 470 Gross profit (Sales − Cost of Sales) 2,479 Net increase in cash for the year 21 Operating expenses 2,057 Net operating cash flow 616 Other income (expense), net (16) Compute the income before income tax for Orinoco. Multiple Choice $526 $406 $486 $326
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated:
Net sales | $ 10,898 |
---|---|
Total assets | 4,396 |
End of year balance in cash | 1,176 |
Total |
470 |
Gross profit (Sales − Cost of Sales) | 2,479 |
Net increase in cash for the year | 21 |
Operating expenses | 2,057 |
Net operating |
616 |
Other income (expense), net | (16) |
Compute the income before income tax for Orinoco.
Multiple Choice
-
$526
-
$406
-
$486
-
$326
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