Pro forma financial statements for the upcoming year

Sales$180,000

Cost of goods sold$120,000

Accounts payable$19,000

Accounts receivable $27,000

Total assets$72,000

Inventory$16,000

You calculated the external financing needed (EFN) for the upcoming year will be $7,000.

1)Calculate the average days payable that was assumed when deriving the initial amount of EFN $7,000

2)Calculate what the average days payable period (ADP) must be so that the firm will have an EFN of $0.