(Answered) Exercise - calculate operating activities-direct method the

Accounting

Exercise - Calculate operating activities-direct method

The income statement for Electronic Wonders reports net sales of $91,728 million and cost of goods sold of $69,248 million. An examination of balance sheet amounts indicates accounts receivable increased $1,730 million, inventory increased $880 million, and accounts payable to suppliers decreased $1,964 million.

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

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