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The finance department has been directed to reduce the cash-to-cash cycle time to 35.6 days. You are the accounts payable manager and need to reduce

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The finance department has been directed to reduce the cash-to-cash cycle time to 35.6 days. You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be? Days in the period: 60 Sales: 52.929,859 Inveritory: $4,300,801 AR: $5,837,004 Cost of Sales: 75.6 (Your answer should be in whole dollars)

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