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$632489
P13-8 (similar to)
Average accounts payable cycle.
Use the following account information for Rian Company.
2013 and 2014 Selected Balance Sheet Accounts of Rian Company
Rian Company had set a target of 16.6 days for its payment
(accounts payable) cycle. What would the ending balance in the
accounts payable account for 2014 have needed to be to reach this
target (holding all other accounts the same)?
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FIN 419 Week 4 DQ 1
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