Business, 29.01.2021 16:10, alexismoore15567

Corporation made sales of million during . Of this amount, collected cash for million. The company's cost of goods sold was million, and all other expenses for the year totaled million. Also during , paid million for its inventory and million for everything else. Beginning cash was million. Carter's top management is interviewing you for a job and they ask two questions:

Required:
a. How much was Carter's net income for 2016?
b. How much was Carter's cash balance at the end of 2016?

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Corporation made sales of million during . Of this amount, collected cash for million. The company's...