What is the average accounts payable balance

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Reference no: EM13873556

Big Al's Meat Market has annual sales of $531,000 and cost of goods sold of $358,000. The profit margin is 4.8 percent and the accounts payable period is 41 days. What is the average accounts payable balance?

A. $9,421

B. $25,488

C. $40,214

D. $45,211

E. $54,449

Reference no: EM13873556

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