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Hampton Ltd has net sales of $5.32 million with 50 percent being credit sales. Its cost of sales is $3.67 million. The company's cash conversion

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Hampton Ltd has net sales of $5.32 million with 50 percent being credit sales. Its cost of sales is $3.67 million. The company's cash conversion cycle is 40.3 days. The company's operating cycle is 84.6 days a) Calculate the company's Days Payables Outstanding (DPO). Express answer to 2 decimal places (1 mark) Answer: days b) Calculate the company's accounts payable. Express answer to 2 decimal places (1 mark) Answer: days

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