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For the past year, the Company X generated $250,000 revenue and the cost of goods sold was $145,000. At the end of the year, the
For the past year, the Company X generated $250,000 revenue and the cost of goods sold was $145,000. At the end of the year, the accounts receivable and payable balances were $25,000 and $25,425, respectively. How long (in days) on average did it take the company to pay off its trade credits to suppliers (account payables) during the year? (5 Points) Question 5 options: A) 140 B) 50 C) 36.5 D) 64 E) 42.5
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