In its 2012 annual report, Hewlett-Packard reported beginning inventory of $7.5 billion, ending inventory of $6.3 billion

Question:

In its 2012 annual report, Hewlett-Packard reported beginning inventory of $7.5 billion, 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.

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 =...