Multiple Choice
A firm has an average accounts payable balance of $180,000.Its average daily cost of goods sold is $12,000.What is the average number of days that the firm takes to pay its debt?
A) 2 days
B) 8 days
C) 15 days
D) 21 days
E) 30 days
Correct Answer:
Verified
Correct Answer:
Verified
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