Question
Oladipo Enterprises has an average inventory of $1,500,000 and days held in inventory of 60 days. The firm has a target of 30 days payable
Oladipo Enterprises has an average inventory of $1,500,000 and days held in inventory of 60 days. The firm has a target of 30 days payable for repayment to their suppliers. To maintain this target, what should the average accounts payable account be worth?
Question 3 options:
|
| $750,000 |
|
| $1,125,000 |
|
| $600,000 |
|
| $500,000 |
|
| $850,000 |
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
Valuing Agile The Financial Management Of Agile Projects
Authors: Alan Moran
1st Edition
0117082880, 9780117082885
