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Richards Epuipmemt, inc account payable balance at year end 20Y2 and 20Y3 were $528k and $423k, and the cost of goods sold was $4258000 in
Richards Epuipmemt, inc account payable balance at year end 20Y2 and 20Y3 were $528k and $423k, and the cost of goods sold was $4258000 in 20Y2 and $6504000 in 20Y3. What effect did the change in payment period during 20Y3 have on Richards Equip financing needs? Increased by $90000 Increased by $180000 Or Decreased by $180000
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