Determining the firm accounts payable


Joanna Handicraft s, Inc., has net sales of $4.23 million with 50 percent being credit sales. Its cost of goods sold is $2.54 million. The firm's cash conversion cycle is 47.9 days, and its operating cycle is 86.3 days. What is the firm's accounts payable?

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Finance Basics: Determining the firm accounts payable
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