Exercise 7-14 Days' payable outstanding A1 The following companies are competitors in the same industry and have many of the same suppliers. (a) Calculate days' payable outstanding for each of the following companies (round to one decimal). (b) Assuming each company has positive relations with its suppliers, which company has likely negotiated the best credit terms? Vizio........ Panasonic. TCL...... Accounts Payable Cost of Goods Sold $1,200 $20,000 1,920 28,000 970 12,000