Days Payable Outstanding $($DPO$)=$ Average Accounts Payable $-$: Cost of Goods Sold per day

This ratio refers to the average number of days it takes a company to pay back its accounts pyables. It measures how well the company is managing its accounts payable. A DPO of $20$ means that, om average, the company takes $20$ days to pay back its suppliers. The ratio is computed by dividing the average Accounts Payable for the year $($average accounts payable $=$ average of the beginning balance of accounts payable and ending balance of accounts payable$)$ divided by the Cost of Goods Sold per day $($also referred to as Cost of Sales or Merchandise Costs or Cost of Products Sold$).$ Assume $365$ days in a year.

Which of the following companies has the highest Days Payable Outstanding?

Group of answer choices

Costco Wholesale Corporation $($for the year ended Aug $28,2022)$

CVS Health Corporation $($for the year ended December $31,2021)$

The Home Depot, Inc. $($for fiscal $2021)$

Target Corporation $($for the year $2021)$