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The following table presents selected items from the 2014 and 2013 balance sheets and 2014 income statement of Walgreen Company. WALGREEN CO. AND SUBSIDIARIES ($
The following table presents selected items from the 2014 and 2013 balance sheets and 2014 income statement of Walgreen Company.
WALGREEN CO. AND SUBSIDIARIES ($ millions) Selected Balance Sheet Data Selected Income Statement Data 2014 2013 2014 6,852 Cost of merchandise sold . . .. $54,823 1,316 6,076 Property and equipment, less 12,257 12,138 4,315 22,229 21,523 accumulated depreciation . . . . 4,635 Net earnings. 2,031 a. Compute the cash paid for merchandise inventories in 2014. Assume that trade accounts payable is only for merchandise purchases. Compute the net cost of property acquired in 2014. Compute the cash dividends paid in 2014. b. cStep by Step Solution
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