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The balance of Lloyd Corporabon's accounts payable at the beginning of the most recent yew was $53,000. Al the end of the yea, the accounts

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The balance of Lloyd Corporabon's accounts payable at the beginning of the most recent yew was $53,000. Al the end of the yea, the accounts payable balance was $55,000. Loyd's sales revenue for the year was $3,130,000, while its cost of goods sold for the year was $1,566,000. Calculate Lloyd 's days' payable outstanding (CPO) for the year. Assume inventery levels are constant throughout the year, if the credi terms from Lloyd's suppliers are n/30, how would you interpret Lloyf's DPO? (Plound the DPO to two decimal placest, XXX). Woyds days' payable outstanding for the year is

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