Use the information below to answer the requirements. 1. Compute days' payable outstanding for the current year.
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Use the information below to answer the requirements.
1. Compute days' payable outstanding for the current year.
2. Compute days' payable outstanding for the prior year.
3. Did the company take longer to pay its creditors in the current year?
Transcribed Image Text:
Current Year Prior Year Accounts payable...... Cost of goods sold... $ 1,080 $1,440 43,800 65,700
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