Crystal Oil Has $9 Million in Accounts Payable, $1

Multiple Choice

Crystal Oil has $9 million in accounts payable, $1.8 in salaries and taxes payable, and $10.4 in other current liabilities.If Crystal Oil had a cost of sales of $54 million and selling, general, and administrative expense of $18 million, what is the length of its payables deferral period?

A) 107.47 days
B) 73.02 days
C) 54.75 days
D) 45.63 days