Question
A company has $78,000 in cost of goods sold for a period that also had an average of 2 days of mail float, for $15,000
A company has $78,000 in cost of goods sold for a period that also had an average of 2 days of mail float, for $15,000 in ending accounts payable. What is this company's days' payables for this period?
a.5.2 days
b.7.2 days
c.70.2 days
d.72.2 days
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
