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Apple Inc. reported in its 2011 financial statements the following numbers: Table 3 Item Amount (in millions) Total revenue 108,000 Cost of revenue 64,400 Inventory

Apple Inc. reported in its 2011 financial statements the following numbers:

Table 3
Item Amount (in millions)
Total revenue 108,000
Cost of revenue 64,400
Inventory 776
Account receivables 13,700
Account payable 23,900

Suppose the total credit purchases are $50,000 mi., what is the average payment period (APP)?

APP = days

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