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Using the following information find the payable deferral period: Use the long formula. Sales (all on credit) $906m Cost of sales 75% of sales Selling,

Using the following information find the payable deferral period: Use the long formula.

Sales (all on credit) $906m
Cost of sales 75% of sales
Selling, general, and administrative costs 20m
Accounts receivable 76m
Inventory 87m
Accounts payable 82m
Salaries and taxes payable 10m

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