E$9-7($Algo$)$ Calculating and Explaining the Accounts Payable Turnover Ratio LO $9-2$

Visions designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Assume that last year, Visions reported cost of goods sold of $$156$ million. Assume that this year, cost of goods sold was $$115$ million. Accounts payable was $$23$ million at the end of last year and $$17$ million at the end of this year.

Required:

$1.$ For this year, compute the average number of days that Visions$$s accounts payable are outstanding.