The balance of

Lock

Corporation's accounts payable at the beginning of the most recent year was

$55,000.

At the end of the year, the accounts payable balance was

$57,000.

Lock's

sales revenue for the year was

$3,100,000,

while its cost of goods sold for the year was

$1,680,000.

Calculate

Lock's

days' payable outstanding (DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from

Lock's

suppliers are n/30, how would you interpret

Lock's

DPO? (Round the DPO to two decimal places, X.XX.)