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What is the average accounts payable balance? Arnold Inc. purchases merchandise on terms of 2/10 net 30, and it always pays on the 30th day.

What is the average accounts payable balance?

Arnold Inc. purchases merchandise on terms of 2/10 net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $375,000. What is the firm's average accounts payable balance? (Assume a 365-day year.) O a. $458, 160 O b. $534,375 O c. $482,273 O d. $507,656 O e. $562,500

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