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A company's inventory balance was $206,000 at 12/31/11 and $193,400 at 12/31/12. Its accounts payable balance was $82,400 at 12/31/11 and $86,700 at 12/31/12, and
A company's inventory balance was $206,000 at 12/31/11 and $193,400 at 12/31/12. Its accounts payable balance was $82,400 at 12/31/11 and $86,700 at 12/31/12, and its cost of goods sold for 2012 was $741,600. The company's total amount of cash payments for merchandise in 2012 equals:
$749,900 $758,500 $741,600 $724,700 $733,300 ?
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