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For the past year, Hawkeye, Inc., had a cost of goods sold of $65,382. At the end of the year, the accounts payable balance was
For the past year, Hawkeye, Inc., had a cost of goods sold of $65,382. At the end of the year, the accounts payable balance was $12,489. |
How long on average did it take the company to pay off its suppliers during the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
Answer:
Days' Sales in payables ______________ days
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