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Days payable outstanding is used to calculate: The average length of time to collect from credit customers. The average length of time that the bank

Days payable outstanding is used to calculate:

The average length of time to collect from credit customers.

The average length of time that the bank takes to process payment.

The cost of storing inventory.

The average length of time that payables are deferred until payment is made.

The cost savings for taking purchase discounts.

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