Underground Funeral Services has annual sales of $867,900. The cost of goods sold is equal to 74 percent of sales. The firm has an average accounts receivable balance of $84,400 and an average accounts payable balance of $72,100. How many days on average does it take the firm to pay its

suppliers?

Multiple Choice

A)47.97 days

B)37.56 days

C)43.90 days

D)30.32 days

E)40.98 days