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(1) Excerpts from the 2012 financial statements of SuperValu supermarkets are as follows (dollars in millions): Sales COGS Accounts Receivable Inventory Accounts Payable 2012 $17,097
(1) Excerpts from the 2012 financial statements of SuperValu supermarkets are as follows (dollars in millions): Sales COGS Accounts Receivable Inventory Accounts Payable 2012 $17,097 14,803 466 854 1,089 2011 $17,336 14,926 499 908 1,168 Compute cash receipts from customers and cash payments to suppliers. Assume that all sales are on account and that accounts payable includes only accounts with inventory suppliers
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