Question: Anyone help? I cant figure out the right answer here. Thanks Underground Funeral Services has annual sales of $876,700. The cost of goods sold is

Anyone help? I cant figure out the right answer here. Thanks

Underground Funeral Services has annual sales of $876,700. The cost of goods

Underground Funeral Services has annual sales of $876,700. The cost of goods sold is equal to 82 percent of sales. The firm has an average accounts receivable balance of $86,000 and an average accounts payable balance of $72,500 How many days on average does it take the firm to pay its suppliers? O O O O 33.74 days 43.66 days 39.44 days 3681 days 3018 days

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!