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A firm has annual sales of $942,000. Cost of goods sold equal 69 percent of sales. The average accounts receivable balance is $83,600 and the
A firm has annual sales of $942,000. Cost of goods sold equal 69 percent of sales. The average accounts receivable balance is $83,600 and the average accounts payable balance is $142,700. How long on average does it take this firm to pay its creditors
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