Whiplash Technologies reports cost of goods sold of $40 million. Inventory at the beginning and end of the year are $4 million and $3 million, respectively. Accounts Payable at the beginning and end of the year are $3 million and $6 million, respectively.

What is the amount of cash paid to suppliers?

Answer rating: 100% (QA)

We can use the following formula to calculate cash paid to suppliers Cash paid to suppliers Cost of ... View the full answer