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

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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

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