Question
The XYZ Company has annual COGS of $300,000 and an ending accounts payable balance of $30,000. How long, on average, does XYZ take to pay
The XYZ Company has annual COGS of $300,000 and an ending accounts payable balance of $30,000. How long, on average, does XYZ take to pay for its purchases?
Group of answer choices
30.25 days
10 days
.10 days
36.50 days
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Valuation Measuring And Managing The Value Of Companies
Authors: McKinsey & Company Inc., Tom Copeland, Tim Koller, Jack Murrin
3rd Edition
0471361909, 978-0471361909
