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Note: For all requirements, round the answers to the nearest whole day and use 3 6 5 days in a year.Use the information below to
Note: For all requirements, round the answers to the nearest whole day and use days in a year.Use the information below to answer the requirements.
Current Year Prior Year
Accounts payable $ $
Cost of goods sold
Compute days payable outstanding for the current year.
Compute days payable outstanding for the prior year.
Did the company take longer to pay its creditors in the current year?
Note: For all requirements, round the answers to the nearest whole day and use days in a year.
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