Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis C. Gapenski

5th Edition

1567934250, 978-1567934250

More Books

Students also viewed these Finance questions

Question

How much is $102 after a decrease of 100%?

Answered: 1 week ago

Question

How to Construct a Stem and Leaf Plot

Answered: 1 week ago