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For Questions 11-16 use the following financial statement information Galaxy Interiors 2011 Income Statement (S in millions) $21,415 Net sales Cost of goods sold Depreciation
For Questions 11-16 use the following financial statement information Galaxy Interiors 2011 Income Statement (S in millions) $21,415 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income 16,408 3,396 $ 2,114 S 1,374 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) 2011 1,527 S 6,12Z 4771 2010 2010 2011 Cash Accounts receivable Inventory Total Net fixed assets $ 668 $ 297 Accounts payable $1,694 $ 1,532 1,611 3,848 2,947 Total Notes payable 2.500 $4.194 S 1532 9,800 10,650 7,500 7,000 Long-term debt 17489 110 Common stock Retained earnings 2.122 2,696 Total assets $23,616 $21878 Total liab. & equity $23616 $21,878 11 What is the amount of the noncash expenses for 2011? $740 $1,282 $1,333 $1,611 $2,351 A. 12 What is the return on assets for 2011? 5.80% 6.28% 8.00% 15.50% 28,80% D. E. 13 What is the operating cash flow for 2011? $2,114 $2,900 $2,985 $3,536 $4,267 A. 14 What is the Quick Ratio for Galaxy in 2011? 1.191 3.114 1.461 0.543 1.138 A. E
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