Question: Using the information, what is the cash flow from operating activites? Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less:

Using the information, what is the cash flow from operating activites?

Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings

Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income Less: Taxes Net income Cash Accounts rec. Inventory Sub-total $627,800 521,400 11.200 95,200 10,100 $85,100 28,900 $56.200 Galaxy United, Inc. 2008 and 2009 Balance Sheets 2008 2009 $17,000 $24,700 Accounts payable 54,100 56,700 Long-term debt Common stock* 189,400 186.700 $260,500 $268,100 Retained earnings Net fixed assets 261,300 279,400 Total $521,800 $547,500 Total The par value of the common stock is $1 per share. 2009 2008 $128,600 $134,700 147,500 141,000 125,000 140,000 120,700 131,800 $521,800 $547,500

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