Business
Business, 19.08.2021 20:50, AnastasiaJauregui

Galaxy Interiors 2016 Income Statement
($ in millions)
Net sales $26,415
Cost of goods sold 19,908
Depreciation 2,611
Earnings before interest and taxes 3,896
Interest paid 1,982
Taxable Income $ 1,914
Less: Taxes 540
Net income $ 1,374
Galaxy Interiors
2015 and 2016 Balance Sheets
($ in millions)
2015 2016 2015 2016
Cash 718 397 Accounts payable 1,894 1,932
Accounts receivable 1,611 1,527 Notes payable 2,000 1300
Inventory 3,848 3,947 Total 3,894 3,232
Total 6,177 5,871 Long-term debt 10,000 10,650
Net fixed assets 17,489 18,107 Common stock 7,300 7,000
Retained earnings 2,472 3,096
Total assets 23,666 23,978 Total liab. & equity 23,666 23,978
Considering this information, what is the cash flow from assets for 2016?

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Answers: 3

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Galaxy Interiors 2016 Income Statement
($ in millions)
Net sales $26,415
Cost of...

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