In its 2008 annual report, Hewltt-Packard reported beginning inventory of $8.0 billion, ending inventory of $7.9 billion

Question:

In its 2008 annual report, Hewltt-Packard reported beginning inventory of $8.0 billion, ending inventory of $7.9 billion on the balance sheet, and cost of goods sold of $69.3 billion on the income statement. Compute the inventory purchases made by Hewlett-Packard during 2008.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...