1.

An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.

Sales = $57,402 Cost of Goods Sold (COGS) = $18,657 Cash Cycle = 39 days Operating Cycle = 110 days Accounts Receivable Period = AR Period = Average Collection Period (ACP) = 32 days What is the company's Accounts Payable balance?

2.

Compute the Accounts Payable (A/P) period based on the following information:

Accounts Payable = $11,395 Cost of Goods Sold = $88,613 Assume 365 days