What is the company''s accounts payable balance

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Compute the Accounts Payable (A/P) period based on the following information:

Accounts Payable = $32,490

Cost of Goods Sold = $38,815

Assume 365 days

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?

Reference no: EM132459256

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