The following data were taken from a company’s latest financial statements: Annual sales $2,433,332 Cost of goods sold 2,027,778 Inventories 500,000 Accounts receivable 600,000 Accounts payable 300,000 What is the company’s payable deferral period? Which answers? 54 days 90 days 75 days 111 days
The following data were taken from a company’s latest financial statements: Annual sales $2,433,332 Cost of goods sold 2,027,778 Inventories 500,000 Accounts receivable 600,000 Accounts payable 300,000 What is the company’s payable deferral period? Which answers? 54 days 90 days 75 days 111 days
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter6: Receivables And Inventories
Section: Chapter Questions
Problem 6.7.2MBA
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Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
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Question
The following data were taken from a company’s latest financial statements:
Annual sales $2,433,332
Cost of goods sold 2,027,778
Inventories 500,000
Accounts receivable 600,000
Accounts payable 300,000
What is the company’s payable deferral period?
Which answers?
54 days
90 days
75 days
111 days
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