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Organic Foods, Inc. has a cash cycle of 13.5 days, an operating cycle of 21 days, and an inventory period of 2 days. The company
Organic Foods, Inc. has a cash cycle of 13.5 days, an operating cycle of 21 days, and an inventory period of 2 days. The company reported cost of goods sold in the amount of $280,000, and credit sales were $430,000. What is the company's average balance in accounts payable?
$11,844
$13,515
$5,753
$8,414
$10,203
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