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You are opening your own business and estimate the following expenses and revenues: Year 1 Year 2 Year3 Revenues $900,000 $1,300,000 $1,100,000 Cost of goods

You are opening your own business and estimate the following expenses and revenues:

Year 1 Year 2 Year3

Revenues $900,000 $1,300,000 $1,100,000

Cost of goods sold $550,000 $800,000 $700,000

Accounts payable as a percentage of cost of goods sold

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