Question: Here is an accounting practice problem I want to solve. If you could try and solve it and give me a step-by-step, that would be
Here is an accounting practice problem I want to solve. If you could try and solve it and give me a step-by-step, that would be really helpful!


ZALE CORPORATION Presented below are the income statements and balance sheets for Zale Corporation for 2013 and 2012 (all dollar amounts in \$thousands). 3. What amount of cash did Zales pay to suppliers of merchandise inventory in fiscal 2013 ? 4. Zales included payroll expenses of $226,750 in selling, general and administrative expenses in its income statement. What amount of compensation (payroll) did Zales pay in cash to its employees in fiscal 2013 ? 5. What amount of cash dividends did Zales pay during fiscal 2013 ? 6. Zales sold property and equipment for $1,200 in cash and reported a loss on this sale of $1,308. What amount of property and equipment did Zales purchase in fiscal 2013
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