QUESTION $7$

At year$-$end, Rapid Airlines had negative net working capital of $)$ million and current assets of $$8,996$ million. The firm's current liabilities are:

$$4,692$ million

$$4,304$ million

$$10,472$ million

$$13,688$ million

There is not enough information to calculate the amount.

$q,$

QUESTION $8$

TeleLink reports retained earnings at the end of the current year of $$32,598$ million and retained earnings at the end of the previous year of $$30,091$ million. The company reported dividends of $$3,940$ million and other transactions with shareholders that reduced retained earnings during the current year by $$1,806$ million. How much net income did the firm report in the current year?

$$2,507$ million net income

$$8,253$ million net loss

$$8,253$ million net income

$$2,507$ million net loss

None of these are correct.