Question: 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
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 average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places, .g. 32.16.) Days' sales in payables days References eBook &Resources Worksheet Difficulty: Basic Section: 3.3 Ratio Anal Problem 3-10 Calculating Average Payables Period LO2) Learning Objective: 03-02 How to compute and, more importantly, interpret some common ratios. #5 8 U
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