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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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