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How much was Timlin cash balance at the end

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Question - Timlin Corporation made sales of $800 million during 2018. Of this amount, Timlin collected cash for $630 million. The company's cost of goods sold was $290 million, and all other expenses for the year totaled $475 million. Also during 2018, Timlin paid $375 million for its inventory and $295 million for everything else. Beginning cash was $90 million.

a. How much was Timlin's net income for 2018?

b. How much was Timlin's cash balance at the end of 2018?

Reference no: EM133047595

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