Question

Cadzow Inc purchases all of its inventory on credit. On January 1, 2008 Cadzow had $1,750,000 of Inventory. Cost of goods Sold during 2008 was $5,650,000. The beginning and ending balances in Cadzow’s Accounts Payable account on January 1, 2008 and December 31, 2008 were $925,000 and $1,150,000 respectively. How much did Cadzow pay its suppliers during 2008?

Mar 2, 2011

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