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The Down Towner has sales of $748,320 and average accounts payable of $128,209. The cost of goods sold is equivalent to 62 percent of sales.

The Down Towner has sales of $748,320 and average accounts payable of $128,209. The cost of goods sold is equivalent to 62 percent of sales. How long does it take the company to pay its suppliers?

Multiple Choice

  • 79.69 days

  • 93.45 days

  • 89.85 days

  • 100.86 days

  • 74.07 days

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