How many days are in the payables period?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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Beginning Ending
Inventory
$27,000 $28,000
Accts. Rec.
21,000 22,000
Accts. Pay. 10,000 14,000
Credit Sales = $175,000
COGS $125,000
=
How many days are in the payables period?
21 days
24 days
28 days
35 days
41 days
Transcribed Image Text:Beginning Ending Inventory $27,000 $28,000 Accts. Rec. 21,000 22,000 Accts. Pay. 10,000 14,000 Credit Sales = $175,000 COGS $125,000 = How many days are in the payables period? 21 days 24 days 28 days 35 days 41 days
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