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Galaxy Interiors 2009 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less:
Galaxy Interiors 2009 Income Statement ($ in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income $21,415 16,408 1,611 3,396 1,282 $2,114 740 $1,374 Galaxy Interiors 2008 and 2009 Balance Sheets ($ in millions) 2008 2009 $668 $297Accounts payable$1,694 $1,532 2008 2009 Cash Accounts receivable Inventory Total Net fixed assets 1,6111,527 Notes payable 3,8482,947 Total 2,500 $4,194 $1,532 9,800 10,650 7,5007,000 Retained earnings 2,122 ,696 $23,616 $21,878 Tota ab. & equity 23,616 $21,878 $6,12Z $47 Long-term debt 17.489 110 Common stock Total assets Using the Income Statement and Balance Sheets above calculate the Cash flow from assets, Cash flow to Shareholders and cash flow to creditors. (Note: Dividends paid can be calculated using the Net Income and the change in retained earnings.)
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