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Metropolis has a days purchases outstanding of 40.6 days, which it expects to remain constant for the next three years. Enter the forecasted amounts of
Metropolis has a days purchases outstanding of 40.6 days, which it expects to remain constant for the next three years. Enter the forecasted amounts of Accounts Payable in the space provided. HINT: Days Purchases Outstanding is calculated as (Accounts Payable)/(COGS/365). This can be re-written as Days Purchasing Outstanding * (COGS/365) to solve for Accounts Payable.
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