Lowes Companies, a retailer of home improvement products, reported cost of goods sold of $24,165 million for

Question:

Lowes Companies, a retailer of home improvement products, reported cost of goods sold of $24,165 million for Year 4. It reported merchandise inventories of $4,584 million at the beginning of Year 4 and $5,982 million at the end of Year 4. It reported to suppliers of $2,212 million at the beginning of Year 4 and $2,687 million at the end of Year 4. Compute the amount of cash paid to merchandise suppliers during Year 4. Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...