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What is the firm accounts payable

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Problem 1: Wildhorse Handicrafts, Inc., has net sales of $3.90 million with 50 percent being credit sales. Its cost of goods sold is $2.34 million. The firm's cash conversion cycle is 54.5 days, and its operating cycle is 81.5 days. What is the firm's accounts payable? (Use 365 days for calculation. Round final answer to the nearest whole dollar, e.g. 5,275.)

Reference no: EM132930138

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