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Q1) Galaxy Interiors 2011 Income Statement S in millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income

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Q1) Galaxy Interiors 2011 Income Statement S 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 3,396 282 2,114 740 $1,374 Galaxy Interiors 2010 and 2011 Balance Sheets (S in millions) 2010 2011 1,611 38482947Total 17482 17102 Common stock 2010 2011 s 668 $ 297 Accounts payable $1,694 1,532 Cash Accounts receivable Inventory Total Net fixed assets 1,527 Notes payable 2.500 54194 $ 1532 9,800 10,650 7,500 7,000 5 6122 $4771 Long-term debt Retained earnings 122 2.696 Total assets 523.616 521.878 Total liab.&equity$23.616 521,878 a) What is the working capital in 2010 and 2011? (5 pts) b) what i the change in net working capita? (5 pts)

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