An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate

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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.

Sales = $98,869

Cost of Goods Sold (COGS) = $30,595

Cash Cycle = 34 days

Operating Cycle = 84 days

Accounts Receivable Period = AR Period = Average Collection Period (ACP) = 38 days

What is the company's Accounts Payable balance?

Related Book For answer-question

Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Posted Date: Feb 27, 2020 04:50 AM

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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate

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Core Concepts of Accounting

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