Big Al's Meat Market has annual sales of $565,500 and cost of goods sold of $385,600. The profit margin is 7.1 percent and the accounts
Big Al's Meat Market has annual sales of $565,500 and cost of goods sold of $385,600. The profit margin is 7.1 percent and the accounts payable period is 30.4 days. What is the average accounts payable balance? Assume 365 days per year.
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Authors: William Brueggeman, Jeffrey Fisher
16th Edition
1259919684, 978-1259919688
