Galaxy Interiors

2011 Income Statement ($ in Millions)

Net Sales: $21415

Cost of goods sold: 16408

Depreciation: 1611

Earnings before Interest and taxes: 3396

Interest Paid: 1282

Taxable Income: 2114

Less Taxes: 740

Net Income: 1374

Galaxy Interiors

2010 and 2011 Balance Sheet ($ in millions)

cash: $668(2010) $297(2011)

Accounts Rec: 1611(2010) 1527(2011)

Inventory:3848(2010) 2947(2011)

Total: $6127(2010) $4771(2011)

Net fixed assets: 17489(2010) 17107(2011)

Total assets: $23616(2010) $21878(2011)

Accounts payable: $1694 (2010) $1532 (2011)

Notes payable: 2500 (2010) 0 (2011)

Total: $4194 (2010) $1532 (2011)

Long term debt: 9800 (2010) 10650 (2011)

Common stock: 7500 (2010) 7000 (2011)

Retained Earnings: 2122 (2010) 2696 (2011)

Total liab. & Equity: $23616 (2010) $21878 (2011)

7. What is the cash flow from assets for 2011? What is the cash flow to creditors for 2011? What is the cash flow to stockholders for 2011? Show your calculations!