The following data and information are provided for East Coast Incorporated. Use net income after taxes as margin. East Coast Incorporated proforma data and information for the upcoming operating year: Selected data Average total assets =$5,000,000 Average inventory =$1,000,000 Average days in accounts receivable =24 Fixed expenses =$4,000,000 Variable expenses =$5,000,000 Average price per unit sold =$100 Cost of equity =14% Average accounts payable: $250,000 Average balance Bank loan \#1: $1,000,000 at 7% interest Average balance Bank loan \#2: $750,000 at 8% interest Question 23 0/0.63 pts Use the data/information sheet in Canvas Files for Quiz 6 on East Coast Incorporated for answering_questions 2030. 23. If sales revenue was $9,500,000 in the last operating year. What is a reasonable estimate of the average amount of accounts payable during the last operating year? $260,000 $225,000 $200,000 $275,000 The following data and information are provided for East Coast Incorporated. Use net income after taxes as margin. East Coast Incorporated proforma data and information for the upcoming operating year: Selected data Average total assets =$5,000,000 Average inventory =$1,000,000 Average days in accounts receivable =24 Fixed expenses =$4,000,000 Variable expenses =$5,000,000 Average price per unit sold =$100 Cost of equity =14% Average accounts payable: $250,000 Average balance Bank loan \#1: $1,000,000 at 7% interest Average balance Bank loan \#2: $750,000 at 8% interest Question 23 0/0.63 pts Use the data/information sheet in Canvas Files for Quiz 6 on East Coast Incorporated for answering_questions 2030. 23. If sales revenue was $9,500,000 in the last operating year. What is a reasonable estimate of the average amount of accounts payable during the last operating year? $260,000 $225,000 $200,000 $275,000