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Wholesome Foods has a cash cycle of 21 days, an operating cycle of 46 days, and an inventory period of 1.5 days. The company reported
Wholesome Foods has a cash cycle of 21 days, an operating cycle of 46 days, and an inventory period of 1.5 days. The company reported cost of goods sold in the amount of $320,000, and credit sales were $410,000. What is the company's average balance in accounts payable?
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