85 Use the following information to asnwer this question. Windswept, Inc. 2010 Income Statement (S...
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85 Use the following information to asnwer this question. Windswept, Inc. 2010 Income Statement (S in millions Net sales $ 9.100 Less: Cost of goods sold 7,340 Less: Depreciation 300 Earnings before interest and taxes $ 1,460 Less: Interest paid Taxable income $ 1,375 Less: Taxes 413 Net income $ 962 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions 2009 2010 2009 2010 Cash $ 230 $ 230 Accounts payable $ 1,350 $ 1,350 Accounts rec. 1,0001 800 Long-term debt 1.120 1,390 Inventory 1.600 1,630 Common stock $3,260 $3,000 Total $ 2.830 $ 2.660 Retained earnings 4500 700 Net fixed assets 3,350 3,780 Total assets $ 6,180 $6,440 Total liab. & equity $ 6.180 $ 6,440 What is Windswept, Inc.'s cash flow from operating activites? $962. $1262. $1332. $1432. $1492
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