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ABC Company has annual sales of $767,187. The cost of goods sold are $392,220. The firm has an accounts receivable balance of $20,236 and an
ABC Company has annual sales of $767,187. The cost of goods sold are $392,220. The firm has an accounts receivable balance of $20,236 and an accounts payable balance of $18,911. How many days does it take the firm to pay its suppliers? Assume 365 days.
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