A company with accounts payable of $35,000 and cost of goods sold of $300,000 would have days in payables of _____ days.

Name: A company with accounts payable of $35,000 and cost of goods sold of $300,000 would have days in payables of _____ days.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Days in payables is calculated as (Accounts Payable / Cost of Goods Sold) * 365. So, for this company, it would be (35,000 / 300,000) * 365 = 42.58, which rounds to 43 days.

A Company with Accounts Payable of $35,000 and Cost of Goods