Multiple Choice
Average daily expenses are $50.8 million.Average accounts payable are $3,743.5 million.The average number of days that it takes the company to pay its bills (the average payment delay) is therefore:
A) 63.7 days.
B) 73.7 days.
C) 83.7 days.
D) 93.7 days.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q22: Apex Corp.has current liabilities of $2 million,a
Q23: A firm with zero net working capital
Q24: When will ROE = ROC?<br>A) If the
Q27: Receivables turnover ratio and asset turnover ratio
Q29: A deficiency of standard measures of liquidity
Q30: The use of debt in the firm's
Q31: Calculate the dividend per share that is
Q57: If a firm's inventory level of $10,000
Q64: The asset turnover ratio and inventory turnover
Q67: After calculating a firm's financial ratios, in