The following companies are competitors in the same industry and have many of the same suppliers. 

(a) Calculate days’ payable outstanding for each of the following companies (round to one decimal). 

(b) Assuming each company has positive relations with its suppliers, which company has likely negotiated the best credit terms?

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Accounts Payable Cost of Goods Sold Vizio.. $1,200 $20,000 Panasonic 1,920 28,000 TCL. ...... 970 12,000