Multiple Choice
Andromeda, Inc., purchased $100,000 of inventory during the year and had average receivables and payables of $46,575 and $21,918, respectively. The number of days' purchases in accounts payable was approximately
A) 60 days
B) 170 days
C) 80 days
D) 128 days
Correct Answer:
Verified
Correct Answer:
Verified
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