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The bulance of Lloyd Corporation's accounts payable at the beginning of the most recent year was $46,000. At the end of the year, the accounts
The bulance of Lloyd Corporation's accounts payable at the beginning of the most recent year was $46,000. At the end of the year, the accounts payable balance was $2,000. Loyd's sales revenue for the year was $3,190.000, while its cost of goods sold for the year was $1,519,000. Calculate Lbyo's days' paysble oustanding (DPO) for the year. Assume inventory levels are constant throughout the year. If the crudh terms froen Loyds supplers are nBO, how would you interprot Lloyd's DPO? (Found the DPO lo lwo deciral places, XXCX) Woyds day' payble outstanding for the year is
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