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Galaxy Interiors 2016 Income Statement ($ in millions) Net sales $26,415 Cost of goods sold 19,908 Depreciation 2,111 Earnings before interest and taxes 4,396 Interest

Galaxy Interiors

2016 Income Statement

($ in millions)

Net sales $26,415

Cost of goods sold 19,908

Depreciation 2,111

Earnings before interest and taxes 4,396

Interest paid 2,282

Taxable Income $ 2,114

Less: Taxes 740

Net income $ 1,374

Galaxy Interiors

2015 and 2016 Balance Sheets

($ in millions)

2015 2016 2015 2016

Cash 718 397 Accounts payable 1,894 1,932

Accounts receivable 1,611 1,527 Notes payable 2,500 1300

Inventory 3,848 3,947 Total 4,394 3,232

Total 6,177 5,871 Long-term debt 9,800 10,650

Net fixed assets 17,489 18,107 Common stock 7,500 7,000

Retained earnings 1,972 3,096

Total assets 23,666 23,978 Total liab. & equity 23,666 23,978

Considering this information, what is the cash flow to stockholders for 2016?

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