Consider the following information (in millions) about ABK Company. Annual sales $1,217 Cost of goods sold $1,014 Inventories $167 Accounts receivables $445 Accounts payable $115 Payable Deferral Period is: a. 41 days b. 43 days c. 40 days d. 39 days

Consider the following information (in millions) about ABK Company. Annual sales $1,217 Cost of goods sold $1,014 Inventories $167 Accounts receivables $445 Accounts payable $115 Payable Deferral Period is: a. 41 days b. 43 days c. 40 days d. 39 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 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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Question

I want to correct answer

Consider the following information (in millions) about
ABK Company.
Annual sales
$1,217
Cost of goods sold
$1,014
Inventories
$167
Accounts receivables $445
Accounts payable
$115
Payable Deferral Period is:
a. 41 days
b. 43 days
c. 40 days
d. 39 days

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