DA West has annual sales of $2.8 million. The cost of goods sold is equal to 71
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Question:
DA West has annual sales of $2.8 million. The cost of goods sold is equal to 71 percent of sales. The average accounts receivable balance is $227,470 and the average accounts payable balance is $236,595. How many days on average does it take the firm to pay its suppliers?
Group of answer choices
30.84 days
45.22 days
30.94 days
43.44 days
29.61 days
Expert Answer:
Related Book For 
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
Posted Date:
