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What is the firm accounts payable

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Problem: Joanna Handicrafts, Inc., has net sales of $3.30 million with 50 percent being credit sales. Its cost of goods sold is $1.98 million. The firm's cash conversion cycle is 55.00 days, and its operating cycle is 97.0 days. What is the firm's accounts payable? (Round intermediate calculations to 1 decimal place, e.g. 25.1 and final answer to nearest whole dollar, e.g. 5,275.) Can you please help me by providing the authentic solution of this problem.

Reference no: EM132419629

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