You read a newspaper report that compares wages paid to employees at starbucks in india and in the united kingdom. at the time, 1 pound was equal to 87 rupees. the report says that starbucks baristas in india are paid a mere 56 pence an hour, which is lower than the cheapest coffee that starbucks sells in the united kingdom. a friend of yours who read the report is appalled by this information and thinks that starbucks ought to raise its salaries substantially in india.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.