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Consider the following information (in millions) about Emerald Manufacturing. Annual sales $1,845 Cost of goods sold $1,230 Inventories $210 Accounts receivables $395 Accounts payable $145 Payable Deferral Period is: a. 29.50 days b. 43.03 days c. 40.07 days d. 39.09 days

Consider the following information (in millions) about Emerald Manufacturing. Annual sales $1,845 Cost of goods sold $1,230 Inventories $210 Accounts receivables $395 Accounts payable $145 Payable Deferral Period is: a. 29.50 days b. 43.03 days c. 40.07 days d. 39.09 days

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Consider the following information (in millions) about Emerald Manufacturing. Annual sales $1,845 Cost of goods sold $1,230 Inventories $210 Accounts receivables $395 Accounts payable $145 Payable Deferral Period is: a. 29.50 days b. 43.03 days c. 40.07 days d. 39.09 days
Transcribed Image Text:Consider the following information (in millions) about Emerald Manufacturing. Annual sales $1,845 Cost of goods sold $1,230 Inventories $210 Accounts receivables $395 Accounts payable $145 Payable Deferral Period is: a. 29.50 days b. 43.03 days c. 40.07 days d. 39.09 days
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