The cost of merchandise sold by Kohl's Corporation for a recent year was $12,265 million. The balance sheet showed the following current account balances (in millions): Merchandise inventories Accounts payable Balance, End of Year Balance, Beginning of Year $ 4,038 1,251 $ 3,814 1,511 Determine the amount of cash payments for merchandise.

Q: Can you provide me the full answer for this quiestion

A: Formulas for different financial ratios are as follows.

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A: Yes the answer is writtern in own words. Please find a alternate answer below

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A:

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