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In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows:
For the years ended December 31,
Use the following to answer questions In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows: For the years ended December 31, -Kinney reported cost of goods sold of $168,114,150 in its fiscal 2015 income statement.Assuming that Kinney uses accounts payable strictly for inventory purchases and that all such purchases are on credit,how much cash did Kinney pay during the year for inventories: (a)To inventory suppliers? (b)To employees? Use the following to answer questions In its 2015 Annual Report to Shareholders,Kinney Inc.reported the following Consolidated Statement of Cash Flows: For the years ended December 31, -Kinney reported cost of goods sold of $168,114,150 in its fiscal 2015 income statement.Assuming that Kinney uses accounts payable strictly for inventory purchases and that all such purchases are on credit,how much cash did Kinney pay during the year for inventories: (a)To inventory suppliers? (b)To employees?
-Kinney reported cost of goods sold of $168,114,150 in its fiscal 2015 income statement.Assuming that Kinney uses accounts payable strictly for inventory purchases and that all such purchases are on credit,how much cash did Kinney pay during the year for inventories:
(a)To inventory suppliers?
(b)To employees?

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