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Calculating Average Payables Period For the past year, Hawkeye, Inc., had a cost of goods sold of $95,318. At the end of the year, the
Calculating Average Payables Period
- For the past year, Hawkeye, Inc., had a cost of goods sold of $95,318. At the end of the year, the accounts payable balance was $22,816. How long, on average, did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
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Personal Finance Building Your Future
Authors: Robert B. Walker, Kristy P. Walker
1st edition
9780077861728, 978-0073530659
