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A company reports ending accounts payable of ( $ 2,555 ) and cost of goods sold of ( $ 19,100 ). Compute days' payable outstanding.
A company reports ending accounts payable of \\( \\$ 2,555 \\) and cost of goods sold of \\( \\$ 19,100 \\). Compute days' payable outstanding. (Use \\( \\mathbf{3 6 5} \\) days in a year and round the answer to the nearest whole day.) Step by Step Solution
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
1st Edition
0471969117, 978-0471969112
