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XYZ Company has annual sales of $606,602. The cost of goods sold are $390,685. The firm has an accounts receivable balance of $9,359, an accounts

XYZ Company has annual sales of $606,602. The cost of goods sold are $390,685. The firm has an accounts receivable balance of $9,359, an accounts payable balance of $31,435 and inventory of $12,917.

How many days does it take on average for the firm to pay its suppliers? That is, what is the payable period? Assume 365 days.

Enter your answer rounded off to one decimal point.

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