Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions). Select results
Question:
Squat XFit Inc. reported the following activities and select balance sheet items ($ in millions).
| Select results during year ending December 31, 2020 | |
| Revenue | 453.2 |
| Interest expense | 12.5 |
| Depreciation expense | 43.2 |
| Stock based compensation | 12.5 |
| Tax rate | 40% |
| Net income | 134.5 |
| Balances as of: | 12/31/2019 | 12/31/2020 |
| Accounts payable | 120.5 | 130.5 |
| Accounts receivable | 74.8 | 82.4 |
| Common Stock & APIC | 146.4 | 163.5 |
| Deferred revenue | 453.0 | 532.0 |
| Inventory | 132.6 | 143.2 |
| Current portion of debt | 214.0 | 275.0 |
| Net PP&E | 212.7 | 246.0 |
| Pre-paid expenses | 50.0 | 35.0 |
| Treasury stock | (112.3) | (123.2) |
| Accrued wages | 67.8 | 72.5 |
| Other comprehensive income | 12.1 | 13.5 |
Calculate cash flow from operations for the year ending 12/31/2020:
A. $204.7 million
B. $250.7 million
C. $271.3 million
D. $280.7 million
Expert Answer:
