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The cost of merchandise sold for Patterson Corporation for a recent year was $12,351 million. The balance sheet showed the following current account balances (in
The cost of merchandise sold for Patterson Corporation for a recent year was $12,351 million. The balance sheet showed the following current account balances (in millions):
Balance, End of Year | Balance, Beginning of Year | |||
Merchandise inventories | $3,236 | $2,791 | ||
Accounts payable | 1,161 | 1,037 |
Determine the amount of cash payments for merchandise. $ million
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