TechVista, a technology retailer, reported a cost of goods sold for the year of $85 million and a net income of $50 million. The company's accounts receivable increased by $5 million, inventory decreased by $7 million, and accounts payable decreased by $5 million during the same period. What would be the total amount of cash paid to suppliers? A. $87 million B. $97 million C. $73 million D. $83 million
TechVista, a technology retailer, reported a cost of goods sold for the year of $85 million and a net income of $50 million. The company's accounts receivable increased by $5 million, inventory decreased by $7 million, and accounts payable decreased by $5 million during the same period. What would be the total amount of cash paid to suppliers? A. $87 million B. $97 million C. $73 million D. $83 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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Transcribed Image Text:TechVista, a technology retailer, reported a cost of
goods sold for the year of $85 million and a net income
of $50 million. The company's accounts receivable
increased by $5 million, inventory decreased by $7
million, and accounts payable decreased by $5 million
during the same period. What would be the total
amount of cash paid to suppliers?
A.
$87 million
B.
$97 million
C.
$73 million
D.
$83 million
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