What average of account payable is forecasted for the budget period?

A) 50 days

B) 45 days

C) 40 days

D) 55 days

Table 1. Balance sheets for American Coastruction Inc. Table 2. Income statements for American Construction, Account 2007 Cash 390.000 000001 Account 000 Accounts Receivable 3,400,000 2,000 10,000,000 205 200 Retainage Receivable Cost of Material Inventory 1,600,000 Under billings 300,0001 350,000 4,000,000 3,200,000 Total Current Assets 4 S00 000 200 Other Direct Cost JO Eguipamest Gross L 3600001 360 000 Total Direct Cost 9,000,000 Less: Ace Dee 192001 21200 Gross Profit 1,000,000 Building 60000 60000 Variable Operating Expense Less Dep 9000 12000 Auto and Truck 150.000 Building Net 31000 5000 Land ork in 313500 3500 Total Non-Current Assets ork in Total Assets 3118800 2969000 Other Variable Ex Total Variable E 567,000 abilities Faced O2erating Expense 4count Payable 360000 000 Subcontract Payable 120,000 0000 72,000 Retainage Payable 10000 600.000 0000 over billings Note Payable current 300,000 Income Tax Payable E3000 I40006 00000 100 000 Current Portion LTD) 300,000 !Other current Liabilat 42.000 4000 Other Foxed 10,000 Long Term Debt 3ISS00 1300001 Total Operating Expense 1,050,000 Net Profit Tax Net Profit (after tax Retained Earnings 000 4000 TotalNet Worth 1100000 924000