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The finance department has been directed to reduce the cash-to-cash cycle time to 40.9 days. You...

The finance department has been directed to reduce the cash-to-cash cycle time to 40.9 days. You are the accounts payable manager and need to reduce the AP balance to achieve that goal. Given the following information, what must your AP balance be? Days in the period: 30 Sales: $1425000 Inventory: $3400000 AR: $5600000 Cost of Sales: 61.4 (Your answer should be in whole dollars)

(Excel and calculator will probably be needed)

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