Target Corporation's 2008 financial statements included the following items (dollars in millions): a. Assuming that accounts payable

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Target Corporation's 2008 financial statements included the following items (dollars in millions):

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a. Assuming that accounts payable refers only to inventory suppliers, compute the cash payments made by Target during 2008 to inventory suppliers.b. Review the changes in the current accounts above and comment on the cash flow implications to Target (i.e., did they help to increase or decrease cashflows?).

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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