Operating cycle and cash cycle

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Reference no: EM131974776

ABC Company has a cash cycle of 10.83 days, an operating cycle of 20.84 days, and an average collection period of 7 days. The company reported cost of goods sold of $278,232. What is the company's average balance in Accounts Payable?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

Reference no: EM131974776

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