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Saxhorn, Inc., had a Cost of Goods Sold of $138,572 last year. At the end of the year, the Accounts Payable balance was $32,681. a)
Saxhorn, Inc., had a Cost of Goods Sold of $138,572 last year. At the end of the year, the Accounts Payable balance was $32,681. a) How long on average did it take the company to pay its suppliers (what is the Payables Period)? b) What might a large value for this ratio imply
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