Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Year Average $29,000 Inventory Accounts Receivable Accounts Payable 23,000 11,000 Credit Sales = $180,000 COGS = $135,000 How many days are in the payables period?

image text in transcribed

Year Average $29,000 Inventory Accounts Receivable Accounts Payable 23,000 11,000 Credit Sales = $180,000 COGS = $135,000 How many days are in the payables period? 20 days 11 days 22 days 30 days 25 days Previous

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Financial Management

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

10th Edition

978-0324289114, 0324289111

Students also viewed these Finance questions