Lowes Inc., home improvement retailer, reported cost of goods sold of $33,729 million for the fiscal year ended January 30, 2021. It reported merchandise inventories of $9,611 million at the beginning of fiscal 2021 and $10,209 million at the end of fiscal 2021. It reported accounts payable to suppliers of $5,713 million at the beginning of fiscal 2021 and $6,109 million at the end of fiscal 2021. Compute the amount of cash paid to merchandise suppliers during fiscal 2021.
Lowes Inc., home improvement retailer, reported cost of goods sold of $33,729 million for the fiscal year ended January 30, 2021. It reported merchandise inventories of $9,611 million at the beginning of fiscal 2021 and $10,209 million at the end of fiscal 2021. It reported accounts payable to suppliers of $5,713 million at the beginning of fiscal 2021 and $6,109 million at the end of fiscal 2021. Compute the amount of cash paid to merchandise suppliers during fiscal 2021.
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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Lowes Inc., home improvement retailer, reported cost of goods sold of $33,729 million for the fiscal year ended January 30, 2021. It reported merchandise inventories of $9,611 million at the beginning of fiscal 2021 and $10,209 million at the end of fiscal 2021. It reported
accounts payable to suppliers of $5,713 million at the beginning of fiscal 2021 and $6,109 million at the end of fiscal 2021. Compute the amount of cash paid to merchandise suppliers during fiscal 2021.
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