Question: Greetings, Not sure where I'm going wrong on this question. Would truly appreciate any help. Thank you so much! A company has annual sales of

Greetings,

Not sure where I'm going wrong on this question. Would truly appreciate any help. Thank you so much!

A company has annual sales of $537,000 and cost of goods sold of $362,800. The profit margin is 5.2 percent and the accounts payable period is 32.3 days. What is the average accounts payable balance? Assume 365 days per year.

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