Multiple Choice
Modern Sound has sales of $811,000 and average accounts payable of $87,400.The cost of goods sold is equivalent to 72 percent of sales.How long does it take the firm to pay its suppliers?
A) 41.46 days
B) 33.45 days
C) 48.69 days
D) 66.18 days
E) 54.63 days
Correct Answer:
Verified
Correct Answer:
Verified
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