Slimwood Corporation made sales of $750 million during 2021. Of this amount, Slimwood collected cash for $670 million. The company's cost of goods sold was $255 million, and all other expenses for the year totaled $225 million. Also during 2021, Slimwood paid $390 million for its inventory and $295 million for everything else. Beginning cash was $120 million. a. How much was Slimwood's net income for 2021?
b. How much was Slimwood's cash balance at the end of 2021?

Financial information that is capable of making a difference in a decision is

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times