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LoDo, Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. How
LoDo, Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. How long does it take LoDo to pay their suppliers? Please show your steps and the equations you used.
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