This year, a business bought $ 10,000,000 worth of products from its suppliers. Its trade payables shown the statement of financial position is $ 1,000,000. During the following year, the company expects to buy $12,000,000 worth of products from its suppliers and estimate its trade payables to increase by $ 300,000.
-Next year's average payment period is expected to be ______________ days.
Correct Answer:
Verified
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