Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

net sales - $ 1 0 , 0 0 0 , 0 0 0 Cost of goods sold - $ 6 , 5 0 0

net sales- $10,000,000
Cost of goods sold- $6,500,000
Accounts receivable- $3,500,000
Accounts payable-2,500,000
Accounts Payable Days on Hand Equals:
Below are the answer choices
a)120.45
b)141.39
c)135.67
d)140.38

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey Of Accounting

Authors: Paul D. Kimmel, Jerry J. Weygandt

2nd Edition

1119594537, 978-1119594536

More Books

Students also viewed these Accounting questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago