During April, ABC Industrial had cost of goods sold of $90,000 and the accounts payable at the end of the month were $60,000. How many days does take ABC Industrial to pay its bills?

Ending inventory is $120,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate days in inventory.

Ending accounts payable are $30,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate the payment period.

Ending accounts receivable are $90,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000.

Calculate the collection period.

Answer rating: 100% (QA)

To calculate the number of days it takes ABC Industrial to pay its bills we need to divide the accou... View the full answer