_{Below is a portion of Rite-Aid’s statement of cash flows for the fiscal year 2008.}

					February 28, 2009 (52 Weeks)
OPERATING ACTIVITIES:
	Net (loss) income				$	(2,915,420	)
	Adjustments to reconcile to net cash provided by operating activities:
		…
		Loss (gain) on sale of assets, net				11,629
		…
		Changes in operating assets and liabilities:
			Inventories			196,517
			Accounts Payable			(140,258)

Rite aid had Cost of Goods Sold of 19,253,616 in fiscal year 2008 (ending February 28, 2009). How much cash did Rite aid pay for inventory in the fiscal year 2008?

Answer rating: 100% (QA)

Cost of Goods Sold B... View the full answer