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Nabors Inc.

2005 and 2006 Balance Sheet

($ in millions)

 

2005

2006

Cash

$310

$405

Accounts rec

2,640

3,055

Inventory

3,275

3,850

Total

$6,225

$7,310

Net fixed assets

10,960

10,670

Total assets

$17,185

$17,980

 

 

 

Accounts payable

$2,720

$2,570

Notes payable

100

0

Total

$2,820

$2,570

Long term debt

7,875

8,100

Common stock

5,000

5,250

Retained earnings

1,490

2,060

Total liab. & equity

$17,185

$17,980

Nabors Inc.

2006 Income Statement

($ in millions)

Net sales

$9,610

Less: Cost of goods sold

6,310

Less: Depreciation

1,370

Earnings before interest and tax

1,930

Less: Interest paid

630

Taxable income

$1,300

Less: Taxes

455

Net income

$845

Determine the operating cash flow for 2006? 

[A] $845
[B] $1,930
[C] $2,215
[D] $2,845
[E] $3,060

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M918667

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