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The following information from the financial statements of Cracow plc for last year is available: m Cash purchases Cost of goods sold Trade payables

The following information from the financial statements of Cracow plc for last year is available: m Cash purchases Cost of goods sold Trade payables at beginning of year Credit purchases Sales revenue Trade payables at end of year What is the average settlement period for trade payables for the year? (Round to the nearest day) 227 49 197 331 45

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