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How many days does take on average for the firm to pay

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XYZ Company has annual sales of $612,856. The cost of goods sold are $352,767. The firm has an accounts receivable balance of $10,087, an accounts payable balance of $25,350 and inventory of $13,989.

Problem 1: How many days does it take on average for the firm to pay its suppliers? That is, what is the payable period?

Reference no: EM132856790

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