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 20 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 20 days payable for repayment to their suppliers. To maintain this target, what should the average accounts payable account be worth?
Question 3 options:
|
| $600,000 |
|
| $500,000 |
|
| $850,000 |
|
| $1,125,000 |
|
| $750,000 |
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Investing In Fixed Income Securities Understanding The Bond Market
Authors: Gary Strumeyer
1st Edition
0471465127, 9780471465126
