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Finance 1 answer below » 4. Suppose that Sales for the entire year were $100,000 and Cost of goods sold was 80% of sales. The Inventory conversion period is 40 days, the accounts
payable balance is $2000, and the operating cycle is 60 days. What is the accounts receivable balance? a) 4780 b)5479 c)6238 d)7979 What is the accounts payable deferral period? a)9 days b)12 days c) 15 days d)21 days Jan 18 2014 02:07 AM