Question
COGS = Sales-(Sales * Gross Margin) = $730,000-($730,000*0.3) = $730,000-$219.000 = $511,000 Average Payable = COGS/2 = $511,000/2 = $255,500 What is DPO?
COGS = Sales-(Sales * Gross Margin) = $730,000-($730,000*0.3) = $730,000-$219.000 = $511,000 Average Payable = COGS/2 = $511,000/2 = $255,500 What is DPO?
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Financial Management Core Concepts
Authors: Raymond M Brooks
3rd edition
133866696, 978-0133866698
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