Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company that reports Accounts Payable of $59,900 and Cost of Goods Sold of $614,600, calculated days payable outstanding of: What is the correct answer?

A company that reports Accounts Payable of $59,900 and Cost of Goods Sold of $614,600, calculated days payable outstanding of:

What is the correct answer?

Multiple Choice

  • 35.6 days.

  • 25.9 days.

  • 38.0 days.

  • 10.3 days.

  • 43.3 days.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Customer Base Audit The First Step On The Journey To Customer Centricity

Authors: Peter Fader, Bruce G.S. Hardie, Michael Ross

1st Edition

1613631618, 978-1613631614

More Books

Students also viewed these Accounting questions

Question

Describe three other types of visual aids.

Answered: 1 week ago