Candra's Cameras,Inc

Multiple Choice

Candra's Cameras,Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65% of sales. How long does it take Candra's Cameras to pay its suppliers?

A) 11.46 days
B) 13.45 days
C) 20.69 days
D) 26.18 days
E) 31.85 days