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You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 11.0%.
You are the new manager of Accounts Payable. As a proud UM graduate, you have worked hard and reduced the AP balance below by 11.0%. What is the new CashCT value (in days) given the following data: Days in the period: 85 Sales: $10825000 AR: $4860000 AP: $5500000 Inventory: $5025000 Cost of Sales: 60.6
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