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Find gsw cash outflows to inventory suppliers totaled

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Problem 1: GSW Corp. purchases its inventory from suppliers on account. During the year, its Inventory account decreased by $40 million and its accounts payable to suppliers increased by $10 million. If cost of goods sold was $650 million, GSW's cash outflows to inventory suppliers totaled:

Select one:

a. $650 million

b. $600 million

c. $700 million

d. $680 million

e. $620 million

Reference no: EM132764505

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