Accounts Payable Cost of Goods Sold Vizio..... $1,200 $20,000 Panasonic 1,920 28,000 .... TCL... 970 12,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following companies are competitors in the same industry and have many of the same suppliers. (a) Calculate
days’ payable outstanding for each of the following companies (round to one decimal). (b) Assuming each
company has positive relations with its suppliers, which company has likely negotiated the best credit terms? 

Accounts Payable Cost of Goods Sold
Vizio.....
$1,200
$20,000
Panasonic
1,920
28,000
....
TCL...
970
12,000
Transcribed Image Text:Accounts Payable Cost of Goods Sold Vizio..... $1,200 $20,000 Panasonic 1,920 28,000 .... TCL... 970 12,000
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