XYZ Corp. reported the following income statement and balance sheet data for fiscal 2019:

Net Sales	2,750
Cost of Goods Sold	1,780
Interest Expense	110
	12/31/19	1/1/19
Accounts Receivable	550	490
Inventory	440	450
Accounts Payable	390	360
Interest Payable	30	10

Calculate the following numbers:

Cash collected from customers:

Cash paid for purchases of inventory:

Cash paid for interest:

Enter your answers as positive numbers

Answer rating: 100% (QA)

To calculate the requested figures we need to analyze the changes in accounts and consider the incom... View the full answer