An analyst gathered the following information from a company’s 2010 financial statements (in $ millions):
|
Balances as of Year Ended 31 December |
2009 |
2010 |
|
Retained earnings |
120 |
145 |
|
Accounts receivable |
38 |
43 |
|
Inventory |
45 |
48 |
|
Accounts payable |
36 |
29 |
In 2010, the company declared and paid cash dividends of $10 million and recorded depreciation expense in the amount of $25 million. The company considers dividends paid a financing activity. The company’s 2010 cash flow from operations (in $ millions) wasclosestto
A. 25.
B. 45.
C. 75.