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Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for a recent year was $11,037 million. The balance sheet showed the
Cash Paid for Merchandise Purchases
The cost of merchandise sold for Patterson Corporation for a recent year was $11,037 million. The balance sheet showed the following current account balances (in millions):
Balance, End of Year | Balance, Beginning of Year | |||
Merchandise inventories | $2,892 | $2,494 | ||
Accounts payable | 1,037 | 927 |
Determine the amount of cash payments for merchandise. $_________________ million
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