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The Mountain Top Shoppe has sales of $512,000,

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Question

The Mountain Top Shoppe has sales of $512,000, average accounts receivable of $31,400 and average accounts payable of $24,800. The cost of goods sold is equivalent to 71 percent of sales. How long does it take The Mountain Top Shoppe to pay its suppliers?

 

Paper#33794 | Written in 18-Jul-2015

Price : $24
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