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Underground Funeral Services has annual sales of $884,400. The cost of goods sold is equal to 89 percent of sales. The firm has an average
Underground Funeral Services has annual sales of $884,400. The cost of goods sold is equal to 89 percent of sales. The firm has an average accounts receivable balance of $87,400 and an average accounts payable balance of $72.850. How many days on average does it take the firm to pay its suppliers? Multiple Choice 36.19 days 30.07 days Oo oo 33.78 days 2007 Bar O 40.53 days
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