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pleez pleez help heelpASAAAP. i need to know the correct answer Question 3 5 pts Using the information provided below for Galaxy Interiors, what are
pleez pleez help heelpASAAAP. i need to know the correct answer
Question 3 5 pts Using the information provided below for Galaxy Interiors, what are the non-cash expenses for 2019? Income Statement for 2019 ($ in millions) Net sales $21, 415 Cost of goods sold 16,408 Depreciation 1,611 Earnings before interest & taxes 3,396 Interest expense 1,282 Taxes 740 Net income $ 1,374 Balance Sheet($ in millions) 2018 2019 Cash 2018 2019 $ 1,694 $ 1,532 2,500 0 4,194 1,532 $ 668 $ 297 Payables 1,611 1,527 Note Payable 3,848 2,947 Subtotal Receivables Inventory 22 42 004 ISACS 70 Net income $ 1,374 Balance Sheet ($ in millions) 2018 2019 2018 2019 Cash $ 668 $ 297 Payables $ 1,694 $1,532 Receivables 1,611 1,527 Note Payable 2,500 0 Inventory 3,848 2,947 Subtotal 4,194 1,532 Subtotal 6,127 4,771 Long-term debt 9.800 10,650 Net fixed assets 17,489 17,107 Common stock 7.500 7,000 Retained earn. 2,122 2,696 Total Assets 23,616 21,878 Total liab/equity 23,616 21,878 $740 O $1,611 O $1,527 O $1.282 Step by Step Solution
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