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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 41 days. What is the average accounts payable balance? A. $9,421 B. $25,488 C. $40,214 D. $45,211 E. $54,449
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