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What is the company''s average balance in accounts payable

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Question - Hanse, Inc., has a cash cycle of 45 days, an operating cycle of 66 days, and an inventory period of 28.5 days. The company reported cost of goods sold in the amount of $345,000, and credit sales were $568,000. What is the company's average balance in accounts payable and accounts receivable?

Reference no: EM133061027

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