Question

Target Corporation’s 2012 financial statements included the following items (dollars in millions):
INCOME STATEMENT:
Cost of sales .................. $50,568
STATEMENT OF CASH FLOWS (OPERATING SECTION):
Increase in accounts receivable .......... 217
Decrease in inventory ............. 15
Increase in accounts payable ........... 199
a. Assuming that accounts payable refers only to inventory suppliers, compute the cash payments made by Target during 2012 to inventory suppliers.
b. Review the changes in the current accounts above and comment on the cash flow implications to Target (i.e., did they help to increase or decrease cash flows?).



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  • CreatedAugust 19, 2014
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