Question
Consider the following financial statement information for the Hop Corporation: Item Beginning Ending Inventory $16,200 $19,100 Accounts Receivable 14,000 16,000 Accounts Payable 11,000 14,000 Net
Consider the following financial statement information for the Hop Corporation:
| Item | Beginning |
| Ending |
| Inventory | $16,200 |
| $19,100 |
| Accounts Receivable | 14,000 |
| 16,000 |
| Accounts Payable | 11,000 |
| 14,000 |
| Net Sale |
| $219,000 |
|
| COGS |
| 168,000 |
|
What is the payable period for Hop Corporation?
| a. | 20.32 days | |
| b. | 13.44 days | |
| c. | 17.52 days | |
| d. | 27.16 days |
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Chains Of Finance How Investment Management Is Shaped
Authors: Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie, Ekaterina Svetlova
1st Edition
0198802943, 978-0198802945
