Question
An analyst has the following information of Ouyang Inc. (in millions): Table: Ouyang Inc. Financial Information (in millions) Financial Information Year Ended Dec 31, 20X2
An analyst has the following information of Ouyang Inc. (in millions):
Table: Ouyang Inc. Financial Information (in millions)
Financial Information | Year Ended Dec 31, 20X2 | Year Ended Dec 31, 20X3 |
Net sales | 198 | 273 |
Cost of goods sold | 121 | 182 |
A/R | 37 | 63 |
Inventory | 72 | 42 |
A/P | 38 | 21 |
Based on the information given here, the firm's 20X3 statement of cash flows in the direct format would include amounts for cash received from customers and cash paid to suppliers, respectively, that are closest to:
Group of answer choices
cash received from customers = $247 million; cash paid to suppliers = $169 million
cash received from customers = $222 million; cash paid to suppliers = $158 million
cash received from customers = $218 million; cash paid to suppliers = $137 million
cash received from customers = $207 million; cash paid to suppliers = $117 million
cash received from customers = none of the above; cash paid to suppliers = none of the above
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