Use the information below to answer the requirements. 1. Compute days payable outstanding for the current year.
Question:
Use the information below to answer the requirements.
1. Compute days’ payable outstanding for the current year. Round to the nearest day.
2. If the company’s accounts payable were 8% lower, by how many days would days’ payable outstanding be reduced? Round tothe nearest day.
3. If the company’s accounts payable were 8% higher, by how many days would days’ payable outstanding be increased? Roundto the nearest day.
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1 millions Current Year Accounts payable end of year 193...View the full answer
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