What is the firm average accounts payable balance


Aggarwal Inc. buys on terms of 2/10 net 30, and it always pays on the 30th day. The CFO calculates that the average amount of costly trade credit carried is $375,000. What is the firm's average accounts payable balance? Assume a 365-day year.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the firm average accounts payable balance
Reference No:- TGS0700521

Expected delivery within 24 Hours