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QUESTION
Cash Paid for Merchandise Purchases The cost of merchandise sold for Kohl's Corporation for a recent year was $11,625 million. The balance sheet showed the following current account balances (in milli
Cash Paid for Merchandise Purchases
The cost of merchandise sold for Kohl's Corporation for a recent year was $11,625 million. The balance sheet showed the following current account balances (in millions):
Balance, End of Year Balance, Beginning of Year
Merchandise inventories $3,199 $3,036
Accounts payable 1,233 1,138
Determine the amount of cash payments for merchandise.
$______million
