Chapter 11, Problem 11.15E

The income statement for Electronic Wonders reports net sales of $91,758 million and cost of goods sold of $69,278 million. An examination of balance sheet amounts indicates accounts receivable increased $1,733 million, inventory increased $883 million, and accounts payable to suppliers decreased $1,967 million.

Required:

Using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers.