Orange Beverages Plc., a fi ctitious manufacturer of tropical drinks, reported cost ofgoods sold for the year of $100 million. Total assets increased by $55 million, but inventory declined by $6 million. Total liabilities increased by $45 million, but accountspayable decreased by $2 million. How much cash did the company pay to its suppliersduring the year?A . $96 million.B . $104 million.C . $108 million.
Orange Beverages Plc., a fi ctitious manufacturer of tropical drinks, reported cost ofgoods sold for the year of $100 million. Total assets increased by $55 million, but inventory declined by $6 million. Total liabilities increased by $45 million, but accountspayable decreased by $2 million. How much cash did the company pay to its suppliersduring the year?A . $96 million.B . $104 million.C . $108 million.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Orange Beverages Plc., a fi ctitious manufacturer of tropical drinks, reported cost of
goods sold for the year of $100 million. Total assets increased by $55 million, but inventory declined by $6 million. Total liabilities increased by $45 million, but accounts
payable decreased by $2 million. How much cash did the company pay to its suppliers
during the year?
A . $96 million.
B . $104 million.
C . $108 million.
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