A firm reports days inventory held of 60 days. The firm also reported the following balance sheet. Balance sheet entry Value Accounts Receivable $100,000 Inventory $200,000 Accounts Payable $90,000 Based on this information, what is the days payable for the firm? 27 42 16 60 O None are correct.

A firm reports days inventory held of 60 days. The firm also reported the following balance sheet. Balance sheet entry Value Accounts Receivable $100,000 Inventory $200,000 Accounts Payable $90,000 Based on this information, what is the days payable for the firm? 27 42 16 60 O None are correct.

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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Question

A firm reports days inventory held of 60 days. The firm also reported the following balance sheet.
Balance sheet entry
Value
Accounts Receivable
$100,000
Inventory
$200,000
Accounts Payable
$90,000
Based on this information, what is the days payable for the firm?
27
O 42
16
60
O None are correct.

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