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

Accounts Payable = $3,764 Cost of Goods Sold = $42,637 Assume 365 days

Enter your answer rounded off to two decimal points.

4.) Identify a USE of cash: (select only one alternative)

Group of answer choices

Accounts Receivable goes down

Machinery is sold

Accounts Payable goes up

Dividend is paid

Equity is issued