Excerpts from the 2019 financial statements of General Mills are as follows ( dollars in millions): For
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Excerpts from the 2019 financial statements of General Mills are as follows ( dollars in millions):
For 2019, compute estimates of cash receipts from customers and cash payments to suppliers. Assume that all sales are on account and that accounts payable include only accounts with suppliers.
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2019 2018 Sales $16,865 $15,740 Cost of sales 11,108 10,305 Accounts receivable 1,680 1,684 Inventory 1,559 1,642 Accounts payable 2,854 2,746
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