What is the company accounts payable balance

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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.

Sales = $98,869

Cost of Goods Sold (COGS) = $30,595

Cash Cycle = 34 days

Operating Cycle = 84 days

Accounts Receivable Period = AR Period = Average Collection Period (ACP) = 38 days

What is the company's Accounts Payable balance?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Reference no: EM132379929

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