Partial balance sheets and additional information are listed below for Ensign Company. Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $400,000.
Cost of goods sold totaled $145,000.
Required:
Calculate the amount of cash paid to merchandise suppliers during 2013.

Question

Partial balance sheets and additional information are listed below for Ensign Company.  Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $400,000.
Cost of goods sold totaled $145,000.
Required:
Calculate the amount of cash paid to merchandise suppliers during 2013.

Quizplus · Accepted Answer

The Answer of Partial balance sheets and additional information are listed below for Ensign Company.  Additional information for 2013:
Net income was $170,000.
Depreciation expense was $30,000.
Sales totaled $400,000.
Cost of goods sold totaled $145,000.
Required:
Calculate the amount of cash paid to merchandise suppliers during 2013.

Partial Balance Sheets and Additional Information Are Listed Below for Ensign