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Point 1: Visions designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Assume that last year Visions reported cost of goods sold of $182 million. Assume that this year cost of goods sold was $141 million. Accounts payable was $28 million at the end of last year and $22 million at the end of this year.
Required:
Question 1. For this year, compute the average number of days that Visions's accounts payable are outstanding. (Round your answer to the nearest whole number.)
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