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Given the following information, how many days, on average, does it take the firm to pay back its suppliers? Beginning inventory Ending inventory Beginning Accounts

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Given the following information, how many days, on average, does it take the firm to pay back its suppliers? Beginning inventory Ending inventory Beginning Accounts Receivable = $60,000 Ending Accounts Receivable =$66,000 Beginning Accounts Payable $70,000 Ending Accounts Payable = $50,000 = $45,000 = $84,000 = $1,000,000 % Sales credit sales 60% = $450,000 Cost of goods sold 38.5 days 46.8 days 76.9 days 38.3 days 62.5 days

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