Solved

Haletone Corp Provides the Following Information for 20X6 and 20X7

Question 130

Multiple Choice

Haletone Corp provides the following information for 20X6 and 20X7 20X620X7 Current assets $23,000$27,000 Accounts payable 9,00010,000 Other current liabilities 5,0004,000 Non-current liabilities 50,00062,000 Sales 125,000135,000 Cost of sales 75,00079,600\begin{array} { | l | r | r | } \hline & \underline { \mathbf { 2 0 X6 } } & \underline { \mathbf { 2 0 X 7 } } \\\hline \text { Current assets } & \$ 23,000 & \$ 27,000 \\\hline \text { Accounts payable } & 9,000 & 10,000 \\\hline \text { Other current liabilities } & 5,000 & 4,000 \\\hline \text { Non-current liabilities } & 50,000 & 62,000 \\\hline \text { Sales } & 125,000 & 135,000 \\\hline \text { Cost of sales } & 75,000 & 79,600 \\\hline\end{array} Haletone's days payable outstanding for 20X7 is closest to


A) 47.2 days
B) 43.6 days
C) 48 days
D) 46.2

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions