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Business, 23.09.2021 07:40 Ree0628

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?

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