the income statement for electronic wonders reports net sales of $91,688 million and cost of goods sold of $69,208 million. an examination of balance sheet amounts indicates accounts receivable increased $1,726 million, inventory increased $876 million, and accounts payable to suppliers decreased $1,960 million. required: using the direct method, calculate (1) cash received from customers and (2) cash paid to suppliers. (enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)

Respuesta :

Cash received from customers =  $89962
Cash paid
to suppliers = $72044

Net sales                                                                   $91,688

Less: Increase in accounts receivable                  $(1,726)

Cash received from customers                             $89962

                                           
                           Amount in millions

Cost of Goods sold                                       $69,208

Add: Increase in inventory                               $876

Add: Decrease in accounts payable               $1,960
Cash paid to suppliers                                      $72044

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