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The following information pertains to Galaxy Interiors: Galaxy Interiors 2011 Income Statement (S in millions) $21,415 16,408 Net sales Cost of goods sold Depreciation Earnings
The following information pertains to Galaxy Interiors: Galaxy Interiors 2011 Income Statement (S in millions) $21,415 16,408 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income 3,396 2,114 740 1,374 Galaxy Interiors 2010 and 2011 Balance Sheets S in millions] 2010 2011 $ 668 297 Accounts payable $1,694 1,532 Accounts receivable Inventory Total Net fixed assets 2010 2011 1,611 6,127 $4771 Long-term debt 1,527 Notes payable 4,194 1532 9,800 10,650 7,500 7,000 Retained earnings 2,1222,696 $23,616 $21878 Totl lab. &euity $23,616 $21,878 38482,94 Total 17489 1710 Common stock Total assets What is the amount of the noncash expenses for 2015? A. $740 B. S1.282 C. $1333 D. S1611 E. $2,351
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