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A company has the following information. What is days payable outstanding? Average total assets $2,320,600 Average fixed assets 975,000 Total revenue 3,436,000 Cost of goods
A company has the following information. What is days payable outstanding?
| Average total assets | $2,320,600 |
| Average fixed assets | 975,000 |
| Total revenue | 3,436,000 |
| Cost of goods sold | 2,365,000 |
| Average inventory | 531,745 |
| Average accounts receivable | 314,785 |
| Average accounts payable | 217,000 |
a. 75.3 days
b. 82.1 days
c. 65.3 days
d. 33.5 days
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
