71.

Woodlands Inc.
2015 Income Statement
($ in millions)
Total operating revenues	$3,806
Cost of goods sold	2,315
Selling, general, and administrative expenses	546
Depreciation	311
Earnings before interest and taxes (EBIT)	$634
Interest expense	170
Pretax income	$464
Taxes	162
Net income	$302
Dividends	75

Woodlands Inc.
Balance Sheet
($ in millions)
Assets	2015	2014		Liabilities and Stockholders Equity	2015	2014
Cash and equivalents	$ 503	$ 227		Accounts payable	$ 686	$ 613
Accounts receivable	418	522		Long-term debt	1,300	1,350
Inventory	1,239	1,187		Common stock	1,500	1,500
Net property & equipment	2,290	2,264		Capital surplus	745	745
Intangible assets	360	360		Retained earnings	579	352
Total assets	$ 4810	$4,560		Total liabilities & stockholders equity	$4,810	$4,560

What is the cash flow of the firm for 2015?

A. $295 million B. $485 million C. $1,340 million D. $590 million E. $310 million