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    Financial and Managerial Accounting Study Set 1
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    Exam 27: Lean Principles and Accounting
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    A Company Reports Ending Accounts Payable of $1,440 and Cost
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A Company Reports Ending Accounts Payable of $1,440 and Cost

Question 18

Question 18

Multiple Choice

A company reports ending accounts payable of $1,440 and cost of goods sold of $11,680.Compute days' payable outstanding.


A) 39 days
B) 45 days
C) 36 days
D) 35 days
E) 41 days

Correct Answer:

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