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Question
| Woodlands Inc. | |||
| 2015 Income Statement | |||
| ($ in millions) | |||
| Total operating revenues | $3,806 | ||
| Cost of goods sold | 2,315 | ||
| Selling, general, and administrative expenses | 546 | ||
| Depreciation | 311 | ||
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| Earnings before interest and taxes (EBIT) | $634 | ||
| Interest expense | 170 | ||
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| Pretax income | $464 | ||
| Taxes | 162 | ||
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| Net income | $302 | ||
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| Dividends | 75 | ||
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| Woodlands Inc. | ||||||||||||||
| Balance Sheet | ||||||||||||||
| ($ in millions) | ||||||||||||||
| Assets | 2015 | 2014 | Liabilities and Stockholders' Equity | 2015 | 2014 | |||||||||
| Cash and equivalents | $ 503 | $ 227 | Accounts payable | $ 686 | $ 613 | |||||||||
| Accounts receivable | 418 | 522 | Long-term debt | 1,300 | 1,350 | |||||||||
| Inventory | 1,239 | 1,187 | Common stock | 1,500 | 1,500 | |||||||||
| Net property & equipment | 2,290 | 2,264 | Capital surplus | 745 | 745 | |||||||||
| Intangible assets | 360 | 360 | Retained earnings | 579 | 352 | |||||||||
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| Total assets | $ 4810 | $4,560 | Total liabilities & stockholders' equity | $4,810 | $4,560 | |||||||||
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What is the cash flow to stockholders for 2015?
A.$152 million
B.$25 million
C.$0
D.$25 million
E.$75 million
Answer
This answer is hidden. It contains 2 characters.
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