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ABC Company has a cash cycle of 13.67 days, an operating cycle of 18.75 days, and an average collection period of 5 days. The company

ABC Company has a cash cycle of 13.67 days, an operating cycle of 18.75 days, and an average collection period of 5 days. The company reported cost of goods sold of $257,507. What is the company's average balance in Accounts Payable?

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