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Consider the following financial statement information for the Rivers Corporation: Item Beginning Ending Inventory $ 11,900 $ 12,900 Accounts receivable 6,900 7,200 Accounts payable 9,100
Consider the following financial statement information for the Rivers Corporation: | |||||||||||||||||||||||||
Item | Beginning |
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Inventory | $ | 11,900 |
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| $ | 12,900 |
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Accounts receivable |
| 6,900 |
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| 7,200 |
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Accounts payable |
| 9,100 |
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| 9,500 |
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Net sales |
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| $ | 99,000 |
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Cost of goods sold |
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| 79,000 |
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