Question
underground funeral services has annual sales of $887,700. The cogs is equal to 92 percent of sales. The firm has an average accounts receivable balance
underground funeral services has annual sales of $887,700. The cogs is equal to 92 percent of sales. The firm has an average accounts receivable balance of $88,000 and a average accounts payable balance if $73,000. How many days on average does it take the firm to pay its suppliers?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
