Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information (s in millions) comes fr

The following information (S in millions) comes from a recent annual report of Orinoco.com, Incorporated:...

70.2K

Verified Solution

Question

Accounting

The following information (S 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Question 13 Part 1 of 3 ressing for an interview He h e nne grav...

Chemistry
1.2K views

The relative donor effect of simple ligands can be determined by measuring the carbonyl stretching frequencies...

Biology
1.2K views

Discuss the different ways in which microorganisms degrade and utilize lipids, carbohydrates, protein and amino acids.

Mechanical Engineering
1.2K views

A car’s radiator is a heat exchanger with 2 kg/s of hot water entering at 100...

Advance Math
1.2K views

10? + 50? + 20? + 10? = 100 5? + 15? + 75? ? 25?...

Basic Math
1.2K views

Changes in the timbre or tone color in a piece of music

Algebra
1.2K views

This table shows a relation that is a function X f x 7 3 2...

Accounting
1.2K views

an example of the strategies that will help a new business maximize its current depreciation...

Accounting
1.2K views

Arrasmith Corporation uses customers served as its measure of activity. During February, the company budgeted...

Accounting
1.2K views

Why do high levels of accruals appear to be mispriced?

Accounting
1.2K views

Gabriella and Roberto have adjusted gross incomes of $48,700 and $32,700, respectively. Assume that each...

Finance
1.2K views

39. A group of venture investors is considering putting money into Lemma Books, which wants...