Question: Note: For all requirements, do not round intermediate calculations, round the final answers to the nearest whole day and use 3 6 5 days in
Note: For all requirements, do not round intermediate calculations, round the final answers to the nearest whole day and use
days in a year.Use the information below to answer the requirements.
Current Year
Accounts payable $
Cost of goods sold
Compute days payable outstanding for the current year.
If the companys accounts payable were lower, by how many days would days payable outstanding be reduced?
If the companys accounts payable were higher, by how many days would days payable outstanding be increased?
Note: For all requirements, do not round intermediate calculations, round the final answers to the nearest whole day and use days in a year.
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