An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable. Sales = $93,398Cost of Goods Sold (COGS) = $36,052Cash Cycle = 22 daysOperating Cycle = 86 daysAccounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 daysWhat is the company's Accounts Payable balance?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 8EB: Using the following select financial statement information from Mover Supply Depot, compute the...
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An analyst has obtained the following information regarding ABC, Inc. Using this information, he needs to estimate the company's Accounts Payable.
Sales = $93,398
Cost of Goods Sold (COGS) = $36,052
Cash Cycle = 22 days
Operating Cycle = 86 days
Accounts Receivable Period = AR Period = Average Collection Period (ACP) = 40 days
What is the company's Accounts Payable balance?
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