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Consider the following information (in millions) about EFM Company. Annual sales $1,217 Cost of goods sold $2,954 Inventories $167 Accounts payable Accounts receivables $445 Payable Deferral Period is: $235 A. 39 days B. 43 days C. 40 days D. 29 days

Consider the following information (in millions) about EFM Company. Annual sales $1,217 Cost of goods sold $2,954 Inventories $167 Accounts payable Accounts receivables $445 Payable Deferral Period is: $235 A. 39 days B. 43 days C. 40 days D. 29 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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Consider the following information (in millions) about EFM Company. Annual sales $1,217 Cost of goods sold $2,954 Inventories $167 Accounts payable Accounts receivables $445 Payable Deferral Period is: $235 A. 39 days B. 43 days C. 40 days D. 29 days
Transcribed Image Text:Consider the following information (in millions) about EFM Company. Annual sales $1,217 Cost of goods sold $2,954 Inventories $167 Accounts payable Accounts receivables $445 Payable Deferral Period is: $235 A. 39 days B. 43 days C. 40 days D. 29 days
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