Does xyz take to pay for its purchases

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Reference no: EM13286065

The XYZ Company has annual average purchases of $200,000 and an ending accounts payable balance of $36,000. How long, on average, does XYZ take to pay for its purchases?

11.11 days
22.22 days
28.78 days
32.85 days
65.70 days

Reference no: EM13286065

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