Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. woodlands inc. 2015 income statement ($ in mil

Woodlands Inc. 2015 Income Statement ($ in millions) ...

90.2K

Verified Solution

Question

Finance

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
Earnings before interest and taxes (EBIT) $634
Interest expense 170
Pretax income $464
Taxes 162
Net income $302
Dividends 75

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
Total assets $ 4810 $4,560 Total liabilities & stockholders equity $4,810 $4,560

What is the cash flow to creditors for 2015?

$120 million

$50 million

$120 million

$220 million

$170 million

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

The Wildcat Oil Company is trying to decide whether to lease or buy a new computer-assisted...

Biology
1.2K views

The waxy polymer on the leaves of vascular plants that protects them from pathogens and...

Physics
1.2K views

A monoatomic ideal gas initially at temperature T is enclosed in a cylinder fitted with...

Basic Math
1.2K views

Make Sense and Persevere Charlotte buys a ticket to go to abaseball game. The total...

Basic Math
1.2K views

Vectors t= -6i - 2j, u = -4i-8j, and v= -4i + 12j are givePart...

Statistics
1.2K views

In your own words define what it means for two events to be Mutually Exclusive

Accounting
1.2K views

Table 1: Record the listed transactions of Nikea Inc. for the first quarter (January to...

Accounting
1.2K views

Accrual accounting is used because: cash flows are considered less important. ...

Accounting
1.2K views

You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage...

Accounting
1.2K views

The unadjusted trial balance for Lamb Company at December 31, 2025 is as follows: LAMB...

Accounting
1.2K views

prepare a cash flows statement. . Financial statement as on 1/1/2019 Assets...

Accounting
1.2K views

Accounting is the process of keeping track of all financial transactions within a business, such...