Determining the new payables amount

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A firm has revenues of $8,000,000 and COGS = 50% of revenues. Receivables = $800,000, Inventory = $500,000, and Payables = $300,000. What is days' payables outstanding? The firm's treasury manager would like to increase the days' payables outstanding by 2 days through an increase in payables. What would the new payables amount be if they could increase DPO by 2 days?

Reference no: EM132798252

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