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Schneider Inc. purchases its inventory from suppliers on account. During the year, its inventory account increased by $15 million and its accounts payable to suppliers

Schneider Inc. purchases its inventory from suppliers on account. During the year, its inventory account increased by $15 million and its accounts payable to suppliers decreased by $1 million. Cost of goods sold was $500 million, its cash outflows to inventory suppliers totaled:

$486 million.

$514 million.

$516 million.

$484 million

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