Consider the following information (in millions) about Bryant Industries: Category Amount ($ in millions) Annual Sales $1,500 Cost of Goods Sold $1,250 Inventories $190 Accounts Receivable $480 Accounts Payable $130 What is the Payable Deferral Period?

Consider the following information (in millions) about Bryant Industries: Category Amount ($ in millions) Annual Sales $1,500 Cost of Goods Sold $1,250 Inventories $190 Accounts Receivable $480 Accounts Payable $130 What is the Payable Deferral Period?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

What is the payable deferral period on these financial accounting question?

Consider the following information (in millions) about
Bryant Industries:
Category
Amount ($ in millions)
Annual Sales
$1,500
Cost of Goods Sold
$1,250
Inventories
$190
Accounts Receivable $480
Accounts Payable
$130
What is the Payable Deferral Period?

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