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The following is the 2020 income statement for Lamps, Incorporated The ceO of Lamps wants the company to earn a net income of $12 million

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The following is the 2020 income statement for Lamps, Incorporated The ceO of Lamps wants the company to earn a net income of $12 million in 2021 Cost of goods sold is expected to be 75 percent of net sales, depreciation expense is not expected to change, interest expense is expected to increase to $4 million, and the firm's tax rate will be 40 percent. What is the net sales needed to produce net income of $12 mition? Multiple Cholce $112 million $29 million $116 million $124 million Monique's Moving Van 4U, Incorporated had free cash flow during 2022 of $1 million, EBIT of $30 million, tax expense of $8 million, and depreciation of $4 million. - Beginning of the year gross fixed assets were $30 million and end of the year gross fixed assets were $40 million. - Beginning of the year current assets were $110 million and end of the year current assets were $130million. - Beginning of the year current liabilities were $85 million. - Accrued wages and taxes at the end of the year were $20 million and Notes Payable at the end of the year were $35 million. Using the above information, what was Monique's Accounts Payable ending balance in 2022? 55 mintion 515 million $5 miltion $15 malion $35 million $45 miltion

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