In its 2018 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows:
For the years ended December 31,

-Kinney reported cost of goods sold of $168,114,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year.

Question

In its 2018 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows:
For the years ended December 31,

-Kinney reported cost of goods sold of $168,114,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year.

Quizplus · Accepted Answer

The Answer of In its 2018 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows:
For the years ended December 31,

-Kinney reported cost of goods sold of $168,114,150 in its fiscal 2018 income statement. Compute Kinney's net inventory purchases during the year.

In Its 2018 Annual Report to Shareholders, Kinney Inc