Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please calculate the Days of Payables for Dillard's ( round your answer to the nearest hundredths ) Dillard's 2022 Financial Data Dollar figures in Millions

Please calculate the Days of Payables for Dillard's ( round your answer to the nearest hundredths )
Dillard's 2022 Financial Data Dollar figures in Millions of US $
2022 Revenue $ 6,996
2022 COGS $ 3,984
2022 Avg . AR $ 48
2022 Avg . Inv $ 1,100
2022 Avg . AP $ 609
a) 2.50 days
b) 55.79 days
c) 31.77 days
d) none od the above

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

Options Futures And Other Derivatives

Authors: John C. Hull

7th Edition

0136015867, 9780136015864

More Books

Students also viewed these Finance questions