Calculating average payable period hare inc had a cost of, Financial Management

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Calculating average payable period hare inc had a cost of

Calculating average payable period: Hare, Inc., had a cost of good sold of $57,382. at the end of the year,the accounts payable balance was $10432. how long on average did it take the company to pay off its suppliers during the year? what might a large ratio value for this ratio imply?

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