A company reports Cost of Goods Sold of $325,000, Ending Inventory of $120,000, Beginning Inventory of $10,000, Ending Accounts Payable of $110,000 and Beginning Accounts Payable of $80,000. What are the days' payables outstanding? A.124 days. B.76 days. C.92 days. D.80 days.

A company reports Cost of Goods Sold of $325,000, Ending Inventory of $120,000, Beginning Inventory of $10,000, Ending Accounts Payable of $110,000 and Beginning Accounts Payable of $80,000. What are the days' payables outstanding? A.124 days. B.76 days. C.92 days. D.80 days.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Question

A company reports cost of goods solve this question general Accounting

A company reports Cost of Goods Sold of $325,000, Ending Inventory of
$120,000, Beginning Inventory of $10,000, Ending Accounts Payable of
$110,000 and Beginning Accounts Payable of $80,000.
What are the days' payables outstanding?
A.124 days.
B.76 days.
C.92 days.
D.80 days.

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