Ammer Products has an average accounts payable balance of $850,000 and its annual cost of goods sold is $8,750,000. Assume there are 365 days per year. What is Ammer's payables deferral period? * O 50.00 days O 35.46 days O 25.50 days

Ammer Products has an average accounts payable balance of $850,000 and its annual cost of goods sold is $8,750,000. Assume there are 365 days per year. What is Ammer's payables deferral period? * O 50.00 days O 35.46 days O 25.50 days

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 14MC: Ancient Grains Unlimited has an accounts receivable turnover ratio of 3.34 times. The net credit...

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Concept explainers

Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.

Question

Ammer Products has an average accounts payable balance of $850,000
and its annual cost of goods sold is $8,750,000. Assume there are 365
days per year. What is Ammer's payables deferral period? *
50.00 days
O 35.46 days
O 25.50 days
O 30.50 days
O 42.33 days

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