The balance of Landy Corporation’s accounts payable at the beginning of the most recent year was $50,000. At the end of the year, the accounts payable balance was $54,000. Landy’s sales revenue for the year was $3,105,000, while its cost of goods sold for the year was $1,508,000. Calculate Landy’s days’ payable outstanding (DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Landy’s suppliers are n/30, how would you interpret Landy’s DPO?