Transcribed Image Text: QUESTION 3 Correct Mark 1.00 out of 1.00Remove flag Edit question
Foot Locker, Inc. is a retailer of athletic footwear and apparel. During a recent fiscal year, Foot Locker
purchased merchandise inventory costing $4,047 (S millions). Assume that Foot Locker makes all
purchases on credit, and that its accounts payable is only used for inventory purchases. The following
T-accounts reflect information contained in the
company’s balance sheets (S millions).
What amount did Foot Locker pay in cash to its suppliers during the fiscal year?
A. $4,067 million
B. $20 million
C. $103 million
D. $381 million