The question that says “if the accounts payable turnover is 5.7, what is the days’ payable outstanding? ( round your answer to the nearest day.) If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answer to thenearest day.)Select one:A. 14 daysB. 54 daysC. 51 daysD. 64 daysOn December 31st, Datton, Inc. has cost of goods sold of $550,000, ending inventory is $108,000, beginninginventory is $123,000; and average accounts payable is $103,000. What is the accounts payable turnover?(Round your answer two decimal places.)Select one:А. 5.49B. 8.58С. 3.10D. 5.19When a business receives cash from customers before earning the revenue, theaccount is credited.Select one:Peceivable

Days payable outstanding = 365 / Accounts payable turnover

Answered: If the accounts payable turnover is…

If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answer to the nearest day.) Select one: A. 14 days B. 54 days C. 51 days D. 64 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

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The question that says “if the accounts payable turnover is 5.7, what is the days’ payable outstanding? ( round your answer to the nearest day.)

If the accounts payable turnover is 5.7, what is the days' payable outstanding? (Round your answer to the
nearest day.)
Select one:
A. 14 days
B. 54 days
C. 51 days
D. 64 days
On December 31st, Datton, Inc. has cost of goods sold of $550,000, ending inventory is $108,000, beginning
inventory is $123,000; and average accounts payable is $103,000. What is the accounts payable turnover?
(Round your answer two decimal places.)
Select one:
А. 5.49
B. 8.58
С. 3.10
D. 5.19
When a business receives cash from customers before earning the revenue, the
account is credited.
Select one:
Peceivable

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