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In its 2015 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 2015 income statement.Compute its net inventory purchases during the year.

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Use the following to answer questions 
In its 2015 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 2015 income statement.Compute its net inventory purchases during the year.

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The Answer of Use the following to answer questions 
In its 2015 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 2015 income statement.Compute its net inventory purchases during the year.

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