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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
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
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