Company A is a merchandiser. Accounts Payable is only used for inventory purchases. The following information was available for the company's current year operations: Cost of goods sold $326,000 Beginning merchandise inventory $47,000 Ending merchandise inventory $64,500 Beginning accounts payable $61,200 Ending accounts payable $54,000.

What is the cash paid to merchandise suppliers during the year?

Answer rating: 100% (QA)

To determine the cash paid to merchandise suppliers during the year we need to consider the changes ... View the full answer