Question
When looking at Stanley Black and Decker's 10-K in 2019, How many days are the Accounts Payable outstanding? Use the formula: 365 / (COGS/Average AP).
When looking at Stanley Black and Decker's 10-K in 2019, How many days are the Accounts Payable outstanding? Use the formula: 365 / (COGS/Average AP). Compare this to Snap-On days Payable outstanding if the latter had COGS of $1,886 and AP of $198.5 and $201.1 provide some theories on the source of the difference?
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Financial Accounting Concepts And Applications
Authors: K. Fred Skousen, James D. Stice, Earl Kay. Stice, W. Steve Albrecht
7th Edition
0538876255, 978-0538876254
