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A firm has an average accounts payable of $73,763.00, with COGS reported at $804,902.00 for the past year. A supplier has offered the firm a
A firm has an average accounts payable of $73,763.00, with COGS reported at $804,902.00 for the past year. A supplier has offered the firm a large discount if they can reduce days payable to 7 days. What would be the average accounts payable if they take this discount?
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