For 1999, BDJ, Inc., had a cost of goods sold of ($8,328.) At the end of the

Question:

For 1999, BDJ, Inc., had a cost of goods sold of \($8,328.\) At the end of the year, the accounts payable balance was \($1,200.\) How long on average did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

Question Posted: