MC Qu. 69 The following information pertains to Galaxy Interiors: The following information pertains to Galaxy Interiors: GALAXY INTERIORS 2015 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 $1,374 2015 $1,532 Cash Accounts receivable Inventory Total Net fixed assets 2014 $ 668 1,611 3,848 $ 6,127 17,489 GALAXY INTERIORS 2014 and 2015 Balance Sheets ($ in millions) 2015 $ 297 Accounts payable 1,527 Notes payable 2,947 Total $4,771 Long-term debt 17,107 Common stock Retaining earnings $ 21,878 Total liab. & equity 2014 $1,694 2,500 $ 4,194 9,800 7,500 2,122 $ 23,616 $1,532 10,650 7,000 2,696 $ 21,878 Total assets $ 23,616 What is the free cash flow for 2015? What is the free cash flow for 2015? Multiple Choice $2,247 $2,961 $3,915 $4,257