(Answered) Abc company has annual sales of 400000 and cost of goods

Finance

ABC Company has annual sales of $400,000 and cost of goods sold of $153,422. The accounts payable period is 59.91 days. What is the average accounts payable balance?

Enter your answer rounded off to two decimal points. For example, if your answer is 12.345 then enter as 12.35 in the answer box.

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