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
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Chapter15: Financial Statement Analysis
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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
Transcribed Image Text: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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