What is the firm accounts payable

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Reference no: EM131910831

Joanna Handicrafts, Inc., has net sales of $3.95 million with 50 percent being credit sales. Its cost of goods sold is $2.37 million. The firm’s cash conversion cycle is 58.50 days, and its operating cycle is 97.5 days. What is the firm’s accounts payable? (Round intermediate calculations to 1 decimal place, e.g. 25.1 and final answer to nearest whole dollar, e.g. 5,275.)

The firm's accounts payable are $_____________

Reference no: EM131910831

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