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The finance department has been directed to reduce the cash-to-cash cycle time to 41 days. You are the accounts payable manager and need to reduce
The finance department has been directed to reduce the cash-to-cash cycle time to 41 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: 25 Sales: $7,120,202 Inventory: $2.717.275 AR: $4,853,938 Cost of Sales: 74.8 (Your answer should be in whole dollars)
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