Question
7! I need the answer and explanation! thank you A firm had sales of $934,665.00 in the past year. If the average accounts receivable for
7! I need the answer and explanation! thank you A firm had sales of $934,665.00 in the past year. If the average accounts receivable for the past year was $486,815.00, what is the days sales outstanding for the firm? Answer format: Number: Round to: 2 decimal places. A firm has an average accounts payable of $73,502.00, with COGS reported at $823,284.00 for the past year. What is the days payable for the firm? Answer format: Number: Round to: 2 decimal places. A firm has an average accounts payable of $73,502.00, with COGS reported at $823,284.00 for the past year. A supplier has offered the firm a large discount if they can reduce days payable to 7 days. What would be the average accounts payable if they take this discount? Answer format: Currency: Round to: 2 decimal places
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