Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Heritage, Inc., had a cost of goods sold of $45,621. At the end of the year, the accounts payable balance was $8,763. How long on
Heritage, Inc., had a cost of goods sold of $45,621. At the end of the year, the accounts payable balance was $8,763. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started