Question
Confused about this one because the equation in my book doesn't include accounts receivable. Any help would be greatly appreciated. Thx! The following information relates
Confused about this one because the equation in my book doesn't include accounts receivable. Any help would be greatly appreciated. Thx!
The following information relates to LoGo Corporation:
Accounts payable$650,000
Credit purchases$21,000,000
Accounts receivable$2,100,000
What is LoGo's payables deferral period (DPO)? In your computations, assume there are 360 days in the year.
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
