Multiple Choice
The Down Towner has sales of $748,320 and average accounts payable of $128,209.The cost of goods sold is equivalent to 62 percent of sales.How long does it take the company to pay its suppliers?
A) 74.07 days
B) 93.45 days
C) 79.69 days
D) 100.86 days
E) 89.85 days
Correct Answer:
Verified
Correct Answer:
Verified
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