An analyst gathered the following information from a company’s 2018 financial statements

(in $ millions):

In 2018, the company declared and paid cash dividends of \($10\) million and recorded depreciation expense in the amount of \($25\) million. Th e company considers dividends paid a financing activity. Th e company’s 2018 cash fl ow from operations (in $ millions) was closest to 

A . 25.
B . 45.
C . 75.

Transcribed Image Text:

Balances as of Year Ended December 31 2017 2018 Retained earnings 120 145 Accounts receivable 38 43 Inventory Accounts payable 45 48 36 29