For 1999, BDJ, Inc., had a cost of goods sold of ($8,328.) At the end of the
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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?
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Fundamentals Of Corporate Finance
ISBN: 9780072313000
5th Edition
Authors: Stephen A Ross, Randolph W Westerfield
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