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What must AP balance be

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The finance department has been directed to reduce the cash-to-cash cycle time to 31.3 days.

Problem 1: You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be?

Days in the period: 90

Sales: $1700000

Inventory: $2860000

AR: $5850000

Cost of Sales: 60.2

Reference no: EM132621085

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