Advanced Placement (AP), 13.06.2020 09:57 xmanavongrove55

Inc. made sales of $ 750 million during 2017. Of this amount, Western Country Inc. collected cash for all but $ 27 million. The company's cost of goods sold was $ 310 million, and all other expenses for the year totalled $ 300 million. Also during 2017, Western Country Inc. paid $ 400 million for its inventory and $ 295 million for everything else. Beginning cash was $ 115 million. Western Country Inc.'s top management is interviewing you for a job and they ask two questions: a. How much was Western Country Inc.'s net income for 2017?
b. How much was Western Country Inc.'s cash balance at the end of

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Inc. made sales of $ 750 million during 2017. Of this amount, Western Country Inc. collected cash fo...

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