Question
Rainbox Industries has sales of $412,000, average accounts receivable of $23,900 and average accounts payable of $28,400. The cost of goods sold is equivalent to
Rainbox Industries has sales of $412,000, average accounts receivable of $23,900 and average accounts payable of $28,400. The cost of goods sold is equivalent to 71 percent of sales. How long does it take Rainbox Industries to pay its supplier?
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Restructuring And Innovation In Banking
Authors: Claudio Scardovi
1st Edition
331940203X, 978-3319402031
