For 2012, Hartney Inc. had a cost of goods sold of $28,834. At the end of the

Question:

For 2012, Hartney Inc. had a cost of goods sold of $28,834. At the end of the year, the account payable balance was $6,105. How long on average did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?

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