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Brief Exercise 11-17 (Static) Determine cash paid to suppliers (LO11-7) Electronic Superstore's inventory increases during the year by $5 milion, and its accounts payable to
Brief Exercise 11-17 (Static) Determine cash paid to suppliers (LO11-7) Electronic Superstore's inventory increases during the year by $5 milion, and its accounts payable to suppliers increases by $7 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $45 mallion? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (l.e., $10,100,000 should be entered as 10.1).)
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