Use the information below for Netflix to answer the requirements. 1. Compute days payable outstanding for the

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Use the information below for Netflix to answer the requirements.

$ thousands Accounts payable at year-end Cost of goods sold for the year. Current Year Prior Year $ 312,842 6,029,901 $

1. Compute days’ payable outstanding for the current year. Round to the nearest day.

2. Compute days’ payable outstanding for the prior year. Round to the nearest day.

3. Did days’ payable outstanding increase or decrease from the prior year?

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 12, 2019 10:16 AM

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Use the information below for Netflix to answer the requirements. 1. Compute days payable outstanding for the

Question:

$ thousands Accounts payable at year-end Cost of goods sold for the year. Current Year Prior Year $ 312,842 6,029,901 $ 253,491 4,591,476

Step by Step Answer:

1 and 2 thousands Current Year Prior Year Accounts paya...View the full answer

Fundamental Accounting Principles

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