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problem: Timberline Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65 percent of sales. Determine how long does it take Timberline to pay its suppliers? 

[A]    20.69 days

[B]    26.18 days

[C]    31.85 days

[D]    11.46 days

[E]    13.45 days

Basic Finance, Finance

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