What is the amount of cash paid to suppliers of merchandise

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Reference no: EM131522287

Question: 1. Video Shack's accounts receivable decreases during the year by $8 million. What is the amount of cash received from customers during the reporting period if its sales are $63 million?

2. Electronic Superstore's inventory increases during the year by $4 million, and its accounts payable to suppliers increases by $6 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $35 million?

Reference no: EM131522287

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