The following information pertain to our company: Sales Cost of goods sold Inventory, Jan 1 Inventory, Dec 31 Accounts Payable, Jan 1 Accounts Payable, Dec 31 Compute "Average Days to Pay Payables" (round the answer to the nearest whole number). (A) 55 days (B) 71 days 72 days 73 days E None of the above. $8,000 $6,100 $500 $400 $1,080 $1,320

The following information pertain to our company: Sales Cost of goods sold Inventory, Jan 1 Inventory, Dec 31 Accounts Payable, Jan 1 Accounts Payable, Dec 31 Compute "Average Days to Pay Payables" (round the answer to the nearest whole number). (A) 55 days (B) 71 days 72 days 73 days E None of the above. $8,000 $6,100 $500 $400 $1,080 $1,320

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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