What is the average accounts payable balance

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Reference no: EM131070937

ABC Company has annual sales of $400,000 and cost of goods sold of $264,969. The accounts payable period is 47.42 days. What is the average accounts payable balance?

Reference no: EM131070937

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What is the average accounts payable balance : ABC Company has annual sales of $400,000 and cost of goods sold of $264,969. The accounts payable period is 47.42 days. What is the average accounts payable balance?

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