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Cash Paid for Merchandise Purchases The cost of merchandise sold for Patterson Corporation for...

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Accounting

Cash Paid for Merchandise Purchases

The cost of merchandise sold for Patterson Corporation for a recent year was $9,073 million.

The balance sheet showed the following current account balances (in millions): Balance,

End of Year Balance, Beginning of Year

Merchandise inventories $2,377 end of year

$2,050 start of year

Accounts payable 853 end of year

762 start of year

Determine the amount of cash paid for merchandise. in millions

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