What is the amount of cash payments to suppliers reported

Reference no: EM132785625

Alexis Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31. 2020, Alexis Company reports the following activity:

Sales on account	1,300,000
Cash sales	740,000
Decrease in accounts receivable	610,000
Increase in accounts payable	72,000
Increase in inventory	48,000
Cost of goods sold	975,000

problem 1: What is the amount of cash payments to suppliers reported by Alexis Company for the year ended December 31, 2020?

Reference no: EM132785625

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