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The following information pertains to Galaxy Interiors: Galaxy Interiors 2015 Income Statement ($ in millions) Net sales $ 21,415 Cost of goods sold 16,408 Depreciation

The following information pertains to Galaxy Interiors:

Galaxy Interiors
2015 Income Statement
($ in millions)
Net sales $ 21,415
Cost of goods sold 16,408
Depreciation

1,611

Earnings before interest and taxes $ 3,396
Interest paid

1,282

Taxable Income $ 2,114
Less: Taxes

740

Net income

$ 1,374

Galaxy Interiors
2014 and 2015 Balance Sheets
($ in millions)
2014 2015 2014 2015
Cash $ 668 $ 297 Accounts payable $ 1,694 $ 1,532
Accounts receivable 1,611 1,527 Notes payable

2,500

0

Inventory

3,848

2,947

Total $ 4,194 $ 1,532
Total $ 6,127 $ 4,771 Long-term debt 9,800 10,650
Net fixed assets

17,489

17,107

Common stock 7,500 7,000
Retaining earnings

2,122

2,696

Total assets

$ 23,616

$ 21,878

Total liab. & equity

$ 23,616

$ 21,878

What is the amount of dividends paid for 2015?

Multiple Choice

800
$1,948
$0
$574
$1,374

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