Electronic Superstore's inventory increases during the year by $3.4 million, and its accounts payable to...
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Accounting
Electronic Superstore's inventory increases during the year by $3.4 million, and its accounts payable to suppliers increases by $5.4 million during the same period. What is the amount of cash paid to suppliers of merchandise during the reporting period if its cost of goods sold is $29.0 million? (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
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