Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Galaxy Interiors 2011 Income Statement ($ in millions) Total assets 2010 2011 $ 668 $ 297 $21,415 16,408 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) 1,611 1,527 3,848 2,947 $ 6,127 $ 4,771 17,489 17,107 $23,616 $21,878 1,611 3,396 1,282 $ 2,114 740 $ 1,374 Accounts payable Notes payable Total Long-term debt Common stock Retained earnings Total liab. & equity 2010 2011 $1,694 $1,532 2,500 $4,194 $1,532 9,800 10,650 7,500 7,000 2,122 2,696 $23,616 $21,878
Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable Income Less: Taxes Net income Cash Accounts receivable Inventory Total Net fixed assets Galaxy Interiors 2011 Income Statement ($ in millions) Total assets 2010 2011 $ 668 $ 297 $21,415 16,408 Galaxy Interiors 2010 and 2011 Balance Sheets ($ in millions) 1,611 1,527 3,848 2,947 $ 6,127 $ 4,771 17,489 17,107 $23,616 $21,878 1,611 3,396 1,282 $ 2,114 740 $ 1,374 Accounts payable Notes payable Total Long-term debt Common stock Retained earnings Total liab. & equity 2010 2011 $1,694 $1,532 2,500 $4,194 $1,532 9,800 10,650 7,500 7,000 2,122 2,696 $23,616 $21,878
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Show the computation of Cash-Flow from Assets and how this Cash-Flow is distributed to Debtholders (or Creditors) and Stockholders.
Transcribed Image Text:Net sales
Cost of goods sold
Depreciation
Earnings before interest and taxes
Interest paid
Taxable Income
Less: Taxes
Net income
Cash
Accounts receivable
Inventory
Total
Net fixed assets
Galaxy Interiors
2011 Income Statement
($ in millions)
Total assets
2010
2011
$ 668 $ 297
1,611 1,527
3,848 2,947
$ 6,127 $ 4,771
17,489 17,107
$21,415
16,408
1,611
Galaxy Interiors
2010 and 2011 Balance Sheets
($ in millions)
$23,616 $21,878
3,396
1,282
$ 2,114
740
$ 1,374
Accounts payable
Notes payable
Total
Long-term debt
Common stock
Retained earnings
Total liab. & equity
2010 2011
$1,694 $1,532
2,500
$4,194 $1,532
9,800 10,650
7,500
7,000
2,122
2,696
$23,616 $21,878
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