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The balance of Levine Corporation's accounts payable at the beginning of the most recent year was $49,000. At the end of the year, the accounts
The balance of Levine Corporation's accounts payable at the beginning of the most recent year was $49,000. At the end of the year, the accounts payable balance was $58,000. Levine's sales revenue for the year was $3,180,000, while its cost of goods sold for the year was $1,391,000 Calculate Levine's days payable outstanding (OPO) for the year. Assume inventory levels are constant throughout the year, if the credit terms from Levine's suppliers are 1/30, how would you interpret Lavino's DPO (Round the DPO to two decimal places, XXX) Levine's days payable outstanding for the year is
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