Problemjohhnie pizza has annual sales of 531000 and costs, Ask an Expert

Finance

Problem:

Johhnie Pizza has annual sales of 531,000 and costs of good sold of 358,000. The profit margin is 4.8% and the accounts payable period is 41 days.

Required:

Question: What is the average accounts payable balance?

Note: Please show the work not just the answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148540

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