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AW Jones has annual sales of $2.438 million. The cost of goods sold is equal to 81 percent of sales. The average accounts receivable balance
AW Jones has annual sales of $2.438 million. The cost of goods sold is equal to 81 percent of sales. The average accounts receivable balance is $197,800 and the average accounts payable balance is $205,735. How many days on average does it take the firm to pay its suppliers?
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