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Question - Metro reported the following information in its financial statements:
Amounts are as of or for the year ended
Prior Year
Current Year
Inventory
£1395
£1567
Accounts Receivable
1600
1254
Accounts Payable
649
640
Rent payable
544
584
Salary payable
1138
1067
Sales Revenue
456
419
Cost of Goods Sold
351
264
Rent expense
347
368.4
Salary expense
335
302
Required - What is the amount of inventory purchase during the current year?
A. £172
B. £264
C. Cannot be determined
D. £351
E. £436
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