At any point in time, Grandiron Fertilizer generally owes its suppliers $180,000. The companys cost of goods

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At any point in time, Grandiron Fertilizer generally owes its suppliers $180,000. The company’s cost of goods sold averages $2.52 million. What are Small Fry’s
(a) Payables turnover
(b) Payables deferral period (DPO)?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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