Answered step by step
Verified Expert Solution
Question
1 Approved Answer
if the cost of goods sold is $ 400,000 and credit purchases is $250,000. the trade payable balance at 1/1 is $20,000 and at 31/12
if the cost of goods sold is $ 400,000 and credit purchases is $250,000. the trade payable balance at 1/1 is $20,000 and at 31/12 is $24,000. the payable days turnover is
a.
29.2 days
b.
20.1 days
c.
21.9 days
d.
32.12 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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