03.09 Calculating Average Payables Period For the past year, Coach, Inc., had a cost of goods sold of $87,386. At the end of the year, the accounts payable balance was $19,472. 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?
Cost of Goods Sold	$ 87,386.00
Accounts Payable	$ 19,472.00
Average Payable Period

03.27 Using the DuPont Identity Y3K, Inc., has sales of $10,570, total assets of $4,670, and a debtequity ratio of .25. If its return on equity is 15 percent, what is its net income?
Sales	$ 10,570.00
Total Assets	$ 4,670.00
Debt-Equity Ratio	0.25
Return on Equity	15.00%
Net Income