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Big Al's Meat Market has annual sales of $567,000 and cost of goods sold of $386,800. The profit margin is 7.2 percent and the accounts
Big Al's Meat Market has annual sales of $567,000 and cost of goods sold of $386,800. The profit margin is 7.2 percent and the accounts payable period is 30.3 days. What is the average accounts payable balance? Assume 365 days per year
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