The following information was taken from the 2019 annual report of Target Corporation (dollars in millions): a.
Question:
The following information was taken from the 2019 annual report of Target Corporation (dollars in millions):
a. Compute the inventory purchases made by Target during 2019. Record a single entry that reflects these purchases.
b. How much cash did Target pay to its suppliers in 2019? Record a single entry that reflects these payments.
Transcribed Image Text:
2019 2018 INCOME STATEMENT Cost of goods sold $54,864 $53,299 BALANCE SHEET Inventory 8,992 9,497 Trade accounts payable 9,920 9,761
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