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T OPOLOLU 10. 8. Analyzing changes in inventory and accounts payable. EkaPhone, a Swedish firm special- izing in communication networks, reported a balance in Inventories

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T OPOLOLU 10. 8. Analyzing changes in inventory and accounts payable. EkaPhone, a Swedish firm special- izing in communication networks, reported a balance in Inventories of SEK21,470 million at the beginning of Year 7 and SEK 22.475 million at the end of Year 7. It also reported a balance in Trade (Accounts) Payable of SEK 18,183 million at the beginning of Year 7 and SEK 17.427 million at the end of Year 7. During Year 7, EkaPhone reported SEK114,059 million in Cost of Sales. Compute the amount of cash paid to suppliers of inventory dur ing Year 7 for purchases made on account. Assume that all of EkaPhone's inventory pur chases are made on account. Eka Phone applies IFRS, and reports its results in millions of Swedish kronor (SEK). Analinn ohnnnn in innom a nawahle Canima Cernoration lanan

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