Question
On December 31st, Baxtor, Inc. has cost of goods sold of $310,000, ending inventory is $18,000, beginning inventory is $23,000; and average accounts payable is
On December 31st, Baxtor, Inc. has cost of goods sold of $310,000, ending inventory is $18,000, beginning inventory is $23,000; and average accounts payable is $89,000. What is the accounts payable turnover expressed as days?
A. 103
B. 121
C. 74
D. 106
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
