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Sunland Handicrafts, Inc., has net sales of $3.20 million with 50 percent being credit sales. Its...

Sunland Handicrafts, Inc., has net sales of $3.20 million with 50 percent being credit sales. Its cost of goods sold is $1.92 million. The firm’s cash conversion cycle is 51.5 days, and its operating cycle is 86.5 days. What is the firm’s accounts payable?

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