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2. Did Rite-Aid's accounts payable balance go up or down during the year? 3. Rite aid had Cost of Goods Sold of19,253,616 during the fiscalyear.
2. Did Rite-Aid's accounts payable balance go up or down during the year? 3. Rite aid had Cost of Goods Sold of19,253,616 during the fiscalyear. How much cash did Rite aid pay for inventory during the fiscal year?
Below is a portion of Rite-Aid's statement of cash flows. Net income $4,053 Adjustments to reconcile to net cash provided by operating activities: (Gain) loss on sale of assets, net (4,024) Changes in operating assets and liabilities: Accounts receivable (166,765) Inventories (133,543) Accounts payable 29,528Step by Step Solution
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