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for the past year, hero,inc., had a cost of goods sold of $75,382. at the end of the year, the accounts payable balance was $15,732.

for the past year, hero,inc., had a cost of goods sold of $75,382. at the end of the year, the accounts payable balance was $15,732. requirement: how long on average did it take the company to pay off its suppliers during the year? what might a large value for this ratio imply?

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