On December 31st, Baxtor, Inc. has the cost of goods sold of $310,000, ending inventory is $18,000, beginning inventory is $23,000; and average accounts payable is $89,000. What is the accounts payable turnover expressed as days? A. 103 B. 121 C. 74 D. 106

On December 31st, Baxtor, Inc. has the cost of goods sold of $310,000, ending inventory is $18,000, beginning inventory is $23,000; and average accounts payable is $89,000. What is the accounts payable turnover expressed as days? A. 103 B. 121 C. 74 D. 106

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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What is the accounts payable turnover expressed as days on this accounting question?

On December 31st, Baxtor, Inc. has the cost of goods sold of $310,000,
ending inventory is $18,000, beginning inventory is $23,000; and average
accounts payable is $89,000. What is the accounts payable turnover
expressed as days?
A. 103
B. 121
C. 74
D. 106

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What is the accounts payable turnover on these general accounting question?
Subject: financial accounting Question
General Account
Based on the following data, what is the accounts receivable turnover? Sales on account during year $455,841 Cost of goods sold during year 216,035 Accounts receivable, beginning of year 44,358 Accounts receivable, end of year 48,118 Inventory, beginning of year 87,106 Inventory, end of year 116,902 а. 3.9 Ob. 9.9 С. 2.1 Od. 10.3