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Laser Solutions' inventory decreases during the year by $7 million and its accounts payable to suppliers increases by $5 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost

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Laser Solutions' inventory decreases during the year by $7 million and its accounts payable to suppliers increases by $5 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 $80 million?

 

Paper#76161 | Written in 18-Jul-2015

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