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Selected information for 20x1 for the Arlington Company is as follows: Cost of Good Sold $8,000,000 Average inventory $2,000,000 Total sales $10,000,000 Average account receivables
Selected information for 20x1 for the Arlington Company is as follows: Cost of Good Sold $8,000,000 Average inventory $2,000,000 Total sales $10,000,000 Average account receivables $4,000,000 Average account payables $3,000,000 Net income $2,000,000 If there are 250 working days per year, what is the account payable collection period for Arlington? 137 days 108 days 146 days 91 days
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