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The finance department has been directed to reduce the cash-to-cash cycle time to 31.7 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 31.7 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: 71 Sales: $5,092,039 Inventory: $4,308,880 AR: $5,391,371 Cost of Sales: 63 (Your answer should be in whole dollars)

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