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KMT Companys Average Accounts payable is OMR 360,000 and total Purchases is OMR 800,000. The Cash purchases are 25% of total purchases. In this case,
KMT Companys Average Accounts payable is OMR 360,000 and total Purchases is OMR 800,000. The Cash purchases are 25% of total purchases. In this case, the Average payment period of the company will be:
a.
242.67 days
b.
219 days
c.
164.25 days
d.
172.94 days
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