Question: In its 2012 annual report Hewlett Packard reported beginning inventory of
In its 2012 annual report, Hewlett-Packard reported beginning inventory of $7.5 billion, ending inventory of $6.3 billion on the balance sheet, and cost of goods sold of $59.5 billion on the income statement. Compute the inventory purchases made by Hewlett-Packard during 2012.
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