Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Inventory = 1,250 COGS = 7,200 A/R = 4,000 Revenues = 8,000 Purchases = 5,500 A/P = 3,200 Refer to the information above. What is
Inventory = 1,250
COGS = 7,200
A/R = 4,000
Revenues = 8,000
Purchases = 5,500
A/P = 3,200
Refer to the information above. What is the payables conversion period? Use 365 as the number of days in a year.
a. | 63.4 | |
b. | 275.8 | |
c. | 212.4 | |
d. | 182.5 |
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