Question
West Handicrafts, Inc. has net sales of $430,000 with 31 percent of it being credit sales. Its cost of goods sold is $330,000. The firm's
West Handicrafts, Inc. has net sales of $430,000 with 31 percent of it being credit sales. Its cost of goods sold is $330,000. The firm's cash conversion cycle is 50 days. The firm's operating cycle is 89 days. What is the firm's accounts payable? Round to the nearest dollar. Do not round your intermediate calculations.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
