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From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period? You should calculate the ratio using purchases

From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period? You should calculate the ratio using purchases as the denominator.

Sales Cost of sales Opening inventory Closing inventory Trade accounts payable at 31 August 20X6

43,000 32,500 6,000 3,800 4,750

Group of answer choices

40 days

50 days

53 days

57 days

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