Question
Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions). Select results during year ending December 31, 2020 Revenue 453.2
Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions).
Select results during year ending December 31, 2020 | |
Revenue | 453.2 |
Interest expense | 12.5 |
Depreciation expense | 43.2 |
Stock based compensation | 12.5 |
Tax rate | 40% |
Net income | 134.5 |
Balances as of: | 12/31/2019 | 12/31/2020 |
Accounts payable | 120.5 | 130.5 |
Accounts receivable | 74.8 | 82.4 |
Common Stock & APIC | 146.4 | 163.5 |
Deferred revenue | 453.0 | 532.0 |
Inventory | 132.6 | 143.2 |
Current portion of debt | 214.0 | 275.0 |
Net PP&E | 212.7 | 246.0 |
Pre-paid expenses | 50.0 | 35.0 |
Treasury stock | (112.3) | (123.2) |
Accrued wages | 67.8 | 72.5 |
Other comprehensive income | 12.1 | 13.5 |
Calculate cash flow from operations for the year ending 12/31/2020:
A. $204.7 million
B. $250.7 million
C. $271.3 million
D. $280.7 million
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