Goldsboro Industries Has an Average Accounts Payable Balance of $680,000

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The Answer is The firm is not managing its accounts payables well.Goldsboro's days payable outstanding is <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7031/11ead646_410a_99ea_93a1_bf7559390dbb_TB7031_11.jpg" alt="The firm is not managing its accounts payables well.Goldsboro's days payable outstanding is   = 55.16 days.They are over the term of 40 days offered by their suppliers.Goldsboro is stretching the terms of the credit agreement and risks having problems with their suppliers as a result." class="answers-bank-image d-inline" rel="preload" > = 55.16 days.They are over the term of 40 days offered by their suppliers.Goldsboro is stretching the terms of the credit agreement and risks having problems with their suppliers as a result.

Goldsboro Industries Has an Average Accounts Payable Balance of $680,000

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Goldsboro Industries Has an Average Accounts Payable Balance of $680,000

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Correct Answer:
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