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48)Viral Marketing, Inc. reported last year's cost of goods sold of $120 million. Total assets increased by $50 million during the year, including an decrease
48)Viral Marketing, Inc. reported last year's cost of goods sold of $120 million. Total assets increased by $50 million during the year, including an decrease of $10 million in inventory. Total liabilities increased by $60 million during the year, including an increase of $7 million in accounts payable. How much cash did the firm pay to suppliers? $123 million $103 million $117 million
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