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Accounts Receivable Days Calculation and Accounts Payable Days Analysis: Determine the number of days of accounts receivable and analyze the accounts payable days for GHI

  1. Accounts Receivable Days Calculation and Accounts Payable Days Analysis:

Determine the number of days of accounts receivable and analyze the accounts payable days for GHI Corporation with the following data:

    • Net Sales: $400,000
    • Accounts Receivable: $80,000
    • Cost of Goods Sold: $200,000
    • Accounts Payable: $50,000

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