Question
Sunland Handicrafts, Inc., has net sales of $3.20 million with 50 percent being credit sales. Its cost of goods sold is $1.92 million. The firms
Sunland Handicrafts, Inc., has net sales of $3.20 million with 50 percent being credit sales. Its cost of goods sold is $1.92 million. The firms cash conversion cycle is 51.5 days, and its operating cycle is 86.5 days. What is the firms accounts payable?
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
