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Boreal Enterprises Ltd. has the following financial information (in millions): Category Amount Annual sales $1,550 Cost of goods sold $1,250 Inventories $180 Accounts receivables $500 Accounts payable $130 The Payable Deferral Period is: a. 38 days b. 42 days c. 39 days d. 41 days

Boreal Enterprises Ltd. has the following financial information (in millions): Category Amount Annual sales $1,550 Cost of goods sold $1,250 Inventories $180 Accounts receivables $500 Accounts payable $130 The Payable Deferral Period is: a. 38 days b. 42 days c. 39 days d. 41 days

Managerial Accounting: The Cornerstone of Business Decision-Making
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 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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What is the payable deferral period on these general accounting question?

Boreal Enterprises Ltd. has the following financial information (in millions): Category Amount Annual sales $1,550 Cost of goods sold $1,250 Inventories $180 Accounts receivables $500 Accounts payable $130 The Payable Deferral Period is: a. 38 days b. 42 days c. 39 days d. 41 days
Transcribed Image Text:Boreal Enterprises Ltd. has the following financial information (in millions): Category Amount Annual sales $1,550 Cost of goods sold $1,250 Inventories $180 Accounts receivables $500 Accounts payable $130 The Payable Deferral Period is: a. 38 days b. 42 days c. 39 days d. 41 days
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