saxhorn inc had a cost of goods sold of $138,572 last year. at the end of the year, accounts payable balance was $32681 a how long on average did it take the company to pay its suppliers (what is the payables period)? b what might a large value for this ratio imply?

le Home Insert Page Layout Formulas Data Review View Assignment 3-4 Worksheet - Excel Tell me what you want to do... Developer Arial * Cut Copy Format Painter - 10 - Wrap Text ite General B T U SA Merge & Center - $ - % 09 Clipboard Font Alignment Conditional Format as Cell Formatting Table Styles Styles Number 0 C D F G H 1 K L M N 0 B E Assignment 3.4 Exercises Problem 6: Calculating Average Payables Period 5 Points Saxhorn, Inc., had a Cost of Goods Sold of $138,572 last year. At the end of the year, the Accounts Payable balance was $32,681 a) How long on average did it take the company to pay its suppliers (what is the Payables Period)? b) What might a large value for this ratio imply? Create your Original Solution Below - Be sure to show all calculations and clearly indicate answers. 8 9 0