Help fast 58-3 (similar to)Question Help ▼The balance of Lloyd Corporation's accounts payable at the beginning of the most recent year was $48,000. At the end of the year, the accounts payable balance was$51,000. Lloyd's sales revenue for the year was $3,200,000, while its cost of goods sold for the year was $1,584,000. Calculate Lloyd's days' payable outstanding(DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Lloyd's suppliers are n/30, how would you interpret Lloyd's DPO?(Round the DPO to two decimal places, X.XX.)Lloyd's days' payable outstanding for the year isEnter any number in the edit fields and then click Check Answer.1 partremainingClear AllCheck Answerrcha近

accounts payable in the beginning = $48,000 accounts payable in the end = $51,000 sales revenue =…

3-3 (similar to) Question He e balance of Lloyd Corporation's accounts payable at the beginning of the most recent year was $48,000. At the end of the year, the accounts payable b 1,000. Lloyd's sales revenue for the year was $3,200,000, while its cost of goods sold for the year was $1,584,000. Calculate Lloyd's days' payable outst PO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Lloyd's suppliers are n/30, how would you interpret LI ound the DPO to two decimal places, X.XX.) oyd's days' payable outstanding for the year is

3-3 (similar to) Question He e balance of Lloyd Corporation's accounts payable at the beginning of the most recent year was $48,000. At the end of the year, the accounts payable b 1,000. Lloyd's sales revenue for the year was $3,200,000, while its cost of goods sold for the year was $1,584,000. Calculate Lloyd's days' payable outst PO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Lloyd's suppliers are n/30, how would you interpret LI ound the DPO to two decimal places, X.XX.) oyd's days' payable outstanding for the year is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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