Question
For the past year, Hero, Inc., had a cost of goods sold of $75,382. At the end of the year, the accounts payable balance was
For the past year, Hero, Inc., had a cost of goods sold of $75,382. At the end of the year, the accounts payable balance was $15,732. How long on average did it take for the company did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
