Martha's Moving Van 4U, Inc. had free cash flow during 2018 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 $30m and end of the year gross fixed assets were $40m.
-Beginning of the year current assets were $110m and end of the year current assets were $130m.
-Beginning of the year current liabilities were $85m.
-Accrued wages and taxes at the end of the year were $20m and Notes Payable at the end of the year were $35m.
Using the above information, what was Martha's Accounts Payable ending balance in 2018?
A) $5 million
B) $15 million
C) $35 million
D) $45 million
Correct Answer:
Verified
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