Purple Fleur S.A., a retailer of fl oral products, reported cost of goods sold for the year of $75 million. Total assets increased by $55 million, but inventory declined by $6 million. Total liabilities increased by $45 million, and accounts payable increased by $2 million. Th e cash paid by the company to its suppliers is most likely closest to: B . $79 million.

Q: Purple Fleur S.A., a retailer of fl oral products, reported cost of goods sold for the year of $75…

A: Purchases = Cost of Goods Sold - Decrease in InventoryPurchases = $75 million - $6 millionPurchases…

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