The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,858 Total assets 4,405 End of year balance in cash 1,117 Total stockholders' equity 498 Gross profit (Sales − Cost of Sales) 2,601 Net increase in cash for the year 23 Operating expenses 2,049 Net operating cash flow 735 Other income (expense), net (24) Compute Orinoco's total liabilities at the end of the year. Multiple Choice $3,907 $3,166 $2,350 $4,405
The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,858 Total assets 4,405 End of year balance in cash 1,117 Total stockholders' equity 498 Gross profit (Sales − Cost of Sales) 2,601 Net increase in cash for the year 23 Operating expenses 2,049 Net operating cash flow 735 Other income (expense), net (24) Compute Orinoco's total liabilities at the end of the year. Multiple Choice $3,907 $3,166 $2,350 $4,405
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated:
| Net sales | $ 10,858 |
|---|---|
| Total assets | 4,405 |
| End of year balance in cash | 1,117 |
| Total |
498 |
| Gross profit (Sales − Cost of Sales) | 2,601 |
| Net increase in cash for the year | 23 |
| Operating expenses | 2,049 |
| Net operating |
735 |
| Other income (expense), net | (24) |
Compute Orinoco's total liabilities at the end of the year.
Multiple Choice
-
$3,907
-
$3,166
-
$2,350
-
$4,405
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