At the end of 1996, Golden Motors Corporation had $10 billion of accounts payable. If this balance

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At the end of 1996, Golden Motors Corporation had $10 billion of accounts payable. If this balance is representative of GM’s payables, and if it takes GM 30 days to pay on its accounts, how much did GM have in credit purchases during 1996?

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Financial Management And Analysis (Frank J. Fabozzi Series)

ISBN: 9780471477617

2nd Edition

Authors: Frank J. Fabozzi, Pamela P. Peterson

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Question Posted: Jun 10, 2024 02:20 AM

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At the end of 1996, Golden Motors Corporation had $10 billion of accounts payable. If this balance

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Financial Management And Analysis (Frank J. Fabozzi Series)

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