The accounts payables of Mommas Baby, Inc. generally equal $1.6 million. If the turnover of accounts payables

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The accounts payables of Momma’s Baby, Inc. generally equal $1.6 million. If the turnover of accounts payables is 20, what is its
(a) Payables deferral period (DPO)
(b) Annual credit purchases?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Nov 24, 2014 09:27 AM

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The accounts payables of Mommas Baby, Inc. generally equal $1.6 million. If the turnover of accounts payables

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a b Credit purcha...View the full answer

Principles of Finance

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