Question
Elevate has sales of $437,000 and average accounts payable of $44,000. The cost of goods sold is equivalent to 44.6 percent of sales. How long
Elevate has sales of $437,000 and average accounts payable of $44,000. The cost of goods sold is equivalent to 44.6 percent of sales. How long does it take the firm to pay its suppliers?
Multiple Choice
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4.4 days
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36.8 days
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5.5 days
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82.4 days
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202.1 days
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Get Funded The Startup Entrepreneurs Guide To Seriously Successful Fundraising
Authors: John Biggs, Eric Villines
1st Edition
1260459063, 978-1260459067
