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The income statement for Angelonia reports net sales of $ 9 1 , 6 9 8 million and cost of goods sold of $ 6
The income statement for Angelonia reports net sales of $ million and cost of goods sold of $ million. An examination of balance sheet amounts indicates accounts receivable increased $ million, inventory increased $ million, and accounts payable to suppliers decreased $ million.
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Using the direct method, calculate cash received from customers and cash paid to suppliers. Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions ie $ should be entered as
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