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How much cash was paid out to suppliers

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Reference no: EM132991212

Question - The financial statements of Juliet Company show the following:

 

Beginning balance

Ending balance

Trade Receivables

$28,000

$22,000

Inventories

$38,400

$32,000

Trade payables

$11,000

$15,000

COGS

 

$74,000

Required - How much cash was paid out to suppliers?

A) $70,000

B) $85,000

C) $15,000

D) $67,600

Reference no: EM132991212

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