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What is the accounts payable payment period

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Reference no: EM132880935

The Accounts Payable balance at the beginning of the year is $100,000 and at the end of the year is $120,000. The Cost of Goods Sold for the year is $800,000.

Problem 1: What is the accounts payable payment period (rounded to the nearest day)?

Reference no: EM132880935

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