An analyst gathered the following information from a company’s 2004 financial statements ($ millions):
|
Year ended 31 December |
2003 |
2004 |
|
Net sales |
245.8 |
254.6 |
|
Cost of goods sold |
168.3 |
175.9 |
|
Accounts receivable |
73.2 |
68.3 |
|
inventory |
39.0 |
47.8 |
|
Accounts payable |
20.3 |
22.9 |
Based only on the information above, the company’s 2004 statement of cash flows prepared using the direct method would include amounts ($ millions) for cash received from customers and cash paid to suppliers, respectively, that are closest to:
|
Cash Received Customers |
Cash Paid to Supplier |
|
|
A. |
249.7 |
182.1 |
|
B. |
259.5 |
169.7 |
|
C. |
259.5 |
182.1 |