Question: Problem 3 - 9 Calculating Average Payables Period [ LO 2 ] Dexter, Incorporated, had a cost of goods sold of $ 6 8 ,

Problem 3-9 Calculating Average Payables Period [LO 2]
Dexter, Incorporated, had a cost of goods sold of $68,382. At the end of the year, the accounts payable balance was $11,889. How long, on average, did it take the company to pay off its suppliers during the year?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Solve Prob. F821 using Castiglianos theorem. Data from Prob. F821 Determine the slope and displacement at point C. EI is constant. Use the principle of virtual work. Castigliano's Theorem. Setting P...

Q:

For the past year, Coach, Inc., had a cost of goods sold of $68,882. Problem 3-9 Calculating Average Payables Period [LO 2] For the past year, Coach, Inc., had a cost of goods sold of $68,882. At the...

Q:

Problem 3-9 Calculating Average Payables Period (LO 2] For the past year, Hawkeye, Inc., had a cost of goods sold of $60,882. At the end of the year, the accounts payable balance was $13,389. How...

Q:

Problem 3-9 Calculating Average Payables Period [LO 2] f unoar eoa,as $13 46 9t goods sold of ,.82.A he end of the year the accounts payable balance $13,489. How long on average did it take the...

Q:

question 6 , question 12 LO 2 LO 2 LO 2 LO 3 LO 3 receivables? How long did it take, on average, for credit customers to pay off their accounts during the past year? 4. Calculating Inventory Turnover...

Q:

#5 #7 #8 CHAPTER 3 working with Financial Statements 5. Calculating Leverage Ratios. Fincher, Inc. has a total debt ratio of 19 what is its debt-equity ratio? What is its equity multiplier? LO 2 6....

Q:

LO 2 5. Calculating Leverage Ratlos. Fincher, Inc., has a total debt ratio of .19. What is its debt- equity ratio? What is its equity multiplier? LO 2 6. Calculating Market Value Ratios. Rossdale,...

Q:

Edit View Favonites .hihi2 G Google-You' be 11d34uuaadd uO4ajai"@hotmail e Robert-Blackboard-Bank N 1 ed eek 2 Ch3 Question 8 (of 12.50 points Problem 3-10 Calculating Average Payables Period ILO2]...

Q:

value: 12.50 points Problem 3-10 Calculating Average Payables Period [LO2] Hare In, had a cost of goods sold of $45, 121. At the end of the year, the accounts payable balance was $8.493. How long on...

Q:

9. Calculating Average Payables Period Dexter, Inc., had a cost of goods sold of $75,318. At the end of the year, the accounts payable balance was $18,452. How long, on average, did it take the...

Q:

please answer 1,5 and 11 1. Calculating Liquidity Ratios [LO2] SDJ, Inc., has net working capital of $2,170. current liabilities of $4,590, and inventory of $3,860. What is the current ratio? What is...

Q:

What is the trade-off-theory of capital structure? How does it differ from MMs theory?

Q:

4.1 REQUIRED 4.2 Use the information provided below to calculate the following: Calculate Break-even quantity Calculate Break-even value Calculate the Expected total Marginal income and Net...

Q:

Joven Products produces coat racks. The projected sales for the first quarter of the coming year and the beginning and ending inventory data are as follows: Unit sales 100,000 Unit price $15 Units in...

Q:

There are many management theories that are utilized in organizations. These theories were developed by scholars in the management discipline. One individual was responsible for identifying the major...