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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,
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. 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.
-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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