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The following data are from a comparison of the balance sheets of Obliterate Company as of December 31, 2016 and December 31, 2015: Accounts receivable
The following data are from a comparison of the balance sheets of Obliterate Company as of December 31, 2016 and December 31, 2015:
Accounts receivable Increase 7,600
InventoryDecrease4,500
Accounts payable Increase 2,400
The following data are from Obliterates 2016 income statement:
Sales200,000
Cost of goods sold110,000
How much cash was paid for inventory purchases?
A.116,900B.112,100C.107,900D.103,100
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