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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Question

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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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Subject: financial accounting Question
General Account