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Big Al's Meat Market has annual sales of $531,000 and cost of goods sold of $358,000. The profit margin is 4.8 percent and the accounts
Big Al's Meat Market has annual sales of $531,000 and cost of goods sold of $358,000. The profit margin is 4.8 percent and the accounts payable period is 32.4 days. What is the average accounts payable balance? Assume 365 days per year. Multiple Choice $29,130.41 $31.778.63 O o $53,037.04 $34.048.53 $36.318.43 a
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