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Question 64

Multiple Choice

\quad \quad \quad \quad \quad \quad \quad \quad Nabors, Inc.
\quad \quad \quad \quad \quad \quad \quad 2008 Income Statement
\quad \quad \quad \quad \quad \quad \quad \quad ($ in millions)
Net sales  Less: Cost of goods sold  Less: Depreciation Earnings before interest and taxes  Less: Interest paid Taxable Income Less: Taxes  Net income $9,6106,3101,3701,930630$1,300455$845\begin{array}{c}\begin{array}{lll} \text {Net sales } \\ \text { Less: Cost of goods sold } &&\\ \text { Less: Depreciation } &\\ \text {Earnings before interest and taxes } &\\ \text { Less: Interest paid } &\\ \text {Taxable Income } &\\ \text {Less: Taxes } &\\ \text { Net income } &\\\end{array}\begin{array}{r}\$9,610\\6,310 \\\underline{1,370} \\1,930 \\\underline{ 630} \\ \$1,300 \\\underline{ 455} \\\underline{ \$ 845}\end{array}\end{array}
   \quad    \quad    \quad    \quad    \quad    \quad    \quad    \quad  Nabors, Inc.    \quad    \quad    \quad    \quad    \quad    \quad    \quad  2008 Income Statement   \quad    \quad    \quad    \quad    \quad    \quad    \quad    \quad   ($ in millions)   \begin{array}{c} \begin{array}{lll}  \text {Net sales  }   \\  \text { Less: Cost of goods sold } &&\\  \text { Less: Depreciation } &\\  \text {Earnings before interest and taxes  } &\\  \text { Less: Interest paid } &\\  \text {Taxable Income  } &\\  \text { Less: Taxes  } &\\  \text {  Net income } &\\ \end{array} \begin{array}{r} \$9,610\\ 6,310 \\ \underline{1,370} \\ 1,930 \\ \underline{ 630} \\  \$1,300 \\ \underline{ 455} \\ \underline{ \$ 845} \end{array} \end{array}    -Refer to the above Table.What is the cash flow to stockholders for 2008? A) $408 B) $417 C) $452 D) $482 E) $503
-Refer to the above Table.What is the cash flow to stockholders for 2008?


A) $408
B) $417
C) $452
D) $482
E) $503

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