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What is the operating cash flow for 2011? A. $2114 B. $2900 C. $2985 D. $3536 E. $4267 Galaxy Interiors 2011 Income Statement (S in
What is the operating cash flow for 2011?
A. $2114
B. $2900
C. $2985
D. $3536
E. $4267
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 1,282 $2,114 740 $ 1,374 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) 2010 2011 2010 2011 $1,694 1,532 668 S 297 Accounts payable 1,611 1,527 Notes payable Cash Accounts receivable Inventory Total Net fixed assets 2,500 4,194 $1532 9,800 10,650 ,500 7,000 Retained earnings2,122 2696 $23,616 $21,878 Tot lab.&equity23616 $21,878 3,848294 Total 612 4771 Long-term debt 17489 17107 Common stock Total assetsStep by Step Solution
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