Match the term with its definition.
-The number of days, on average, that a business takes to pay its accounts payable
A)cash conversion period
B)days in inventory
C)days in payables
D)days sales outstanding (average collection period)
E)lock box
F)working capital cycle
G)working capital management

Question

Quizplus · Accepted Answer

Days in payables refers to the number of days it takes for a business to pay its accounts payable on average.

Match the Term with Its Definition