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Determine the total cash paid to suppliers for the period

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Question - Saxton Incorporated reports an increase in Accounts Receivable of $20,000, an increase in Accounts Payable of $8,000, and a decrease in inventory of $35,000 for the current year. Accounts Payable relates solely to the purchase of merchandise. Sales on account were $585,000 and cost of goods sold was $315,000. Determine the total cash paid to suppliers for the period?

Reference no: EM133173307

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