Fido's Markets has a cash cycle of 24 days, an operating cycle of 39 days, and an inventory period of 2.3 days.The company reported cost of goods sold in the amount of $465,250, and credit sales were $600,000.What is the company's average balance in accounts payable?

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The Answer of Fido's Markets has a cash cycle of 24 days, an operating cycle of 39 days, and an inventory period of 2.3 days.The company reported cost of goods sold in the amount of $465,250, and credit sales were $600,000.What is the company's average balance in accounts payable?

Fido's Markets Has a Cash Cycle of 24 Days, an Operating