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Extract of the financial information of ACY THREE Limited (ACY THREE) below: Sales Year 2, $70,000; Year 1, $60,000 Cost of goods sold Year 2,
Extract of the financial information of ACY THREE Limited ("ACY THREE") below: Sales Year 2, $70,000; Year 1, $60,000 Cost of goods sold Year 2, $60,000; Year 1, $50,000 End of Year 2, $2,000; End of Year 1, Cash $2,700 End of Year 2, $10,000; End of Year 1, Accounts payable $7,000 Question What is the "average payable days outstanding" in Year 2? Select one: A. 51.4 days B. 60.0 days C. 50.4 days D. 51.0 days
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