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13. Galaxy Interiors 2011 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest and taxes
13. Galaxy Interiors 2011 Income Statement ($ in millions) Net sales $21,415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest and taxes 3,396 Interest paid 1,282 Taxable Income Less: Taxes Net income $ 2,114 740 $ 1,374 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) Cash Accounts receivable Inventory Total 2010 $ 668 $ 1,611 1,527 3,848 2,947 2011 2010 2011 297 Accounts payable Notes payable $1,694 $ 1,532 2,500 Total $4,194 $1,532 $6,127 $4,771 Long-term debt 9,800 10,650 Net fixed assets 17,489 17,107 Common stock 7,500 7,000 Retained earnings 2,122 2,696 Total assets $23,616 $21,878 Total liab. & equity $23,616 $21,878 What is the change in the net working capital from 2010 to 2011?
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