Monique's Moving Van 4U, Incorporated had free cash flow during 2022 of $1 million, EBIT of $30 million, tax expense of $8 million, and depreciation of $4 million. ● · ● Beginning of the year gross fixed assets were $30 million and end of the year gross fixed assets were $40 million. Beginning of the year current assets were $110 million and end of the year current assets were $130 million. Beginning of the year current liabilities were $85 million. • Accrued wages and taxes at the end of the year were $20 million and Notes Payable at the end of the year were $35 million. Using the above information, what was Monique's Accounts Payable ending balance in 2022? $5 million $15 million $35 million $45 million

Monique's Moving Van 4U, Incorporated had free cash flow during 2022 of $1 million, EBIT of $30 million, tax expense of $8 million, and depreciation of $4 million. ● · ● Beginning of the year gross fixed assets were $30 million and end of the year gross fixed assets were $40 million. Beginning of the year current assets were $110 million and end of the year current assets were $130 million. Beginning of the year current liabilities were $85 million. • Accrued wages and taxes at the end of the year were $20 million and Notes Payable at the end of the year were $35 million. Using the above information, what was Monique's Accounts Payable ending balance in 2022? $5 million $15 million $35 million $45 million

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 14M

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