Consider the following information for Firm D in the year 2020. Calculate the Accounts Payable...
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Finance
Consider the following information for Firm D in the year 2020. Calculate the Accounts Payable Period.
| Accounts Receivable | $2 million |
| Inventory | $3 million |
| Accounts Payable | $2.5 million |
| Sales | $17 million |
| Cost of Goods Sold | $12 million |
| Short-term Debt | $1 million |
| Long-term Debt | $5 million |
| 46 days | ||
| 54 days | ||
| 76 days | ||
| 65 days |
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