For 2002, BDJ, Inc., had a cost of goods sold of $10,432. At the end of the
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For 2002, BDJ, Inc., had a cost of goods sold of $10,432. At the end of the year, the accounts payable balance was $2,120. How long on average did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
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Days payable outstanding DPO is a measure of how long a company takes to pay its suppliers It is cal...View the full answer
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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