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AW Jones Has Annual Sales of $2

Question 76

Multiple Choice

AW Jones has annual sales of $2.438 million.The cost of goods sold is equal to 81 percent of sales.The average accounts receivable balance is $197,800 and the average accounts payable balance is $205,735.How many days on average does it take the firm to pay its suppliers?


A) 30.83days
B) 45.22 days
C) 41.31 days
D) 38.03 days
E) 29.61days

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