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Battle's had an average accounts payable balance of $1,000,000. Sales for the period were $13,900,000 and costs of goods sold were $8,600,000. If the operating
Battle's had an average accounts payable balance of $1,000,000. Sales for the period were $13,900,000 and costs of goods sold were $8,600,000. If the operating cycle is 86 days, how long is the firm's cash cycle? Multiple Choice 13.3days 128.4 days 76.8 doys
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