The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated:...
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The following information ($ in millions) comes from a recent annual report of Orinoco.com, Incorporated: Net sales $ 10,876 Total assets $4,376 End of year balance in cash $1,095 Total stockholders' equity $508 Gross profit (Sales Cost of Sales) $2,461 Net increase in cash for the year $20 Operating expenses $2,048 Net operating cash flow $639 Other income (expense), net $(31) Compute Orinoco's cost of goods sold for the year. A) $7,063 B) $8,415 C) $5,015 D) $4,633
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