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Underground Funeral Services has annual sales of $883,300. The cost of goods sold is equal to 88 percent of sales. The firm has an average
Underground Funeral Services has annual sales of $883,300. The cost of goods sold is equal to 88 percent of sales. The firm has an average accounts receivable balance of $87,200 and an average accounts payable balance of $72,800. How many days on average does it take the firm to pay its suppliers?
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