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The table below shows Walgreen Company's 2014 and 2013 balance sheets and selected items from the 2014 income statement. WALGREEN CO. AND ITS SUBSIDIARIES ($

The table below shows Walgreen Company's 2014 and 2013 balance sheets and selected items from the 2014 income statement.

WALGREEN CO. AND ITS SUBSIDIARIES ($ million)
Selected Balance Sheet Data
Selected Income Statement Data

20142013

2014
stocks$16,088$14,756
Cost of Goods Sold103.384 $
Property and Equipment, Few


Depreciation Expense1.618
Accumulated Depreciation23.05222.368


Business Accounts Receivable9.6209.170
net earnings5.428
Retained earnings37.75433.696



Required

A.Calculate the amount of cash paid for merchandise inventories in 2014. Let's assume that business accounts payable is for merchandise purchases only.



B.Calculate the net cost of the property acquired in 2014.



C.Calculate the cash dividends paid in 2014.

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