Schneider Inc.purchases its inventory from suppliers on account.During the year,its Inventory account increased by $10 million and its accounts payable to suppliers decreased by $3 million.Cost of goods sold was $440 million,its cash outflows to inventory suppliers totaled:

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The cash outflows to inventory suppliers can be calculated by adding the increase in inventory to the cost of goods sold and then subtracting the decrease in accounts payable: $440 million (COGS) + $10 million (increase in inventory) - $3 million (decrease in accounts payable) = $453 million.