DA West has annual sales of $2.8 million.The cost of goods sold is equal to 71 percent of sales.The average accounts receivable balance is $227,470 and the average accounts payable balance is $236,595.How many days on average does it take the firm to pay its suppliers?

Question

Quizplus · Accepted Answer

The Answer of DA West has annual sales of $2.8 million.The cost of goods sold is equal to 71 percent of sales.The average accounts receivable balance is $227,470 and the average accounts payable balance is $236,595.How many days on average does it take the firm to pay its suppliers?

DA West Has Annual Sales of $2