Aggarwal inc buys on terms of 210 net 30 and it always

Reference no: EM13593022

Aggarwal Inc. buys on terms of 2/10 net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $375,000. What is the firm's average accounts payable balance? Assume a 365-day year.

Reference no: EM13593022

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