Analyzing changes in inventory and accounts payable. Ann Taylor Stores reported a balance in inventories of $180.1
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Analyzing changes in inventory and accounts payable. Ann Taylor Stores reported a balance in inventories of $180.1 million at the beginning of Year 13 and $185.5 million at the end of Year 1 3. It reported a balance in accounts payable for merchandise purchases of $52.0 million at the beginning of Year 13 and $57.1 million at the end of Year 13. Its income statement showed cost of goods sold of $633.5 million for Year 13. Compute the amount of cash paid to suppliers of inventory during Year 13 for purchases made on account.
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Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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