Question
Consider the following income statement for Kroger Inc. (all figures in $ Millions): Year 2006 2005 2004 Total Sales 60,553 56,434 53,791 Cost of goods
Consider the following income statement for Kroger Inc. (all figures in $ Millions):
Year | 2006 | 2005 | 2004 |
Total Sales | 60,553 | 56,434 | 53,791 |
Cost of goods sold | 45,565 | 42,140 | 39,637 |
Selling, general & admin expenses | 11,688 | 12,191 | 11,575 |
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 |
The total amount available to payout to all the investors in Kroger in 2005 is closest to:
Select one:
A. $746 million
B. $189 million
C. $2035 million
D. $1500 million
E. $2516 million
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