Metlock, Inc. had an increase in inventory of $108000. The cost of goods sold was $504000. There was a $27000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Metlock's cash payments to suppliers?
Metlock, Inc. had an increase in inventory of $108000. The cost of goods sold was $504000. There was a $27000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Metlock's cash payments to suppliers?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Metlock, Inc. had an increase in inventory of $108000. The cost of goods sold was $504000. There was a $27000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Metlock's cash payments to suppliers?
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