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Consider the following income statement for Kroger Inc.( All figures in $ millions) Year 2006 2005 2004 Total Sales 60553 56434 53791 Cost of goods
Consider the following income statement for Kroger Inc.( All figures in $ millions)
Year | 2006 | 2005 | 2004 |
Total Sales | 60553 | 56434 | 53791 |
Cost of goods sold | 45565 | 42140 | 39637 |
Selling , general and admin expenses | 11,688 | 12191 | 11575 |
Depreciation | 1265 | 1256 | 1209 |
Operating income | 2035 | 847 | 1370 |
Other income | 0 | 0 | 0 |
EBIT | 2035 | 847 | 1370 |
interest expense | 510 | 557 | 604 |
Earnings before tax | 1525 | 290 | 766 |
taxes (35%) | 534 | 102 | 268 |
Net income | 991 | 189 | 498 |
1. The total amount available to pay out to all investors in Kroger in 2005?
2. Is the total amount to pay of investors in 2005 close to?:
A)190m
B)847m
C)745m
D)290m
(Please provide formulas, step-by-step process)
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