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

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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