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What is the accounts payable period

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Given the following information, what is the Accounts Payable period?

Beginning inventory = $50,000

Ending inventory = $45,000

Beginning Accounts Receivable = $60,000

Ending Accounts Receivable = $66,000

Beginning Accounts Payable = $70,000

Ending Accounts Payable = $84,000

Sales = $1,000,000 %

credit sales = 70%

Cost of goods sold = $450,000

 

Reference no: EM132608604

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