Use the information below for Netflix to answer the requirements. 1. Compute days payable outstanding for the
Question:
Use the information below for Netflix to answer the requirements.
1. Compute days’ payable outstanding for the current year. Round to the nearest day.
2. Compute days’ payable outstanding for the prior year. Round to the nearest day.
3. Did days’ payable outstanding increase or decrease from the prior year?
Transcribed Image Text:
$ thousands Accounts payable at year-end Cost of goods sold for the year. Current Year Prior Year $ 312,842 6,029,901 $ 253,491 4,591,476
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