Als meat market has annual sales of 523000 and cost of


Al's Meat Market has annual sales of $523,000 and cost of goods sold of $358,000. The profit margin is 4.2 percent and the accounts payable period is 38 days. What is the average accounts payable balance?

$9,421
$13,763
$37,271
$48,211
$54,449

 

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Finance Basics: Als meat market has annual sales of 523000 and cost of
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