Question
Tippler, Inc. has sales of $468,000, average accounts receivable of $27,500, and average accounts payable of $22,300. The cost of goods sold is equivalent to
Tippler, Inc. has sales of $468,000, average accounts receivable of $27,500, and average accounts payable of $22,300. The cost of goods sold is equivalent to 75% of sales. How long does it take Tippler to pay their suppliers?
Multiple Choice
-
23.19 days
-
25.89 days
-
17.39 days
-
12.76 days
-
28.60 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
Behavioural Approaches To Corporate Governance
Authors: Cameron Elliott Gordon
1st Edition
1138611395, 978-1138611399
