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Helium Corp To One Decimal, Helium's Days Payable Outstanding for 2021 Is

Question 72

Multiple Choice

Helium Corp. provides the following information for 2020 and 2021:

   2020    2021 Current assets................................................................................ $23,000 27,000Accounts payable......................................................... 9,000 10,000Other current liabilities......................................................... 5,000 4,000Non-current liabilities.......................................................... 50,000 62,000Sales revenue .............................................................. 125,000 135,000Cost of goods sold ............................................................. 75,000 79,600 \begin{array}{ll}\text{ } & \quad \quad \quad\quad \text{ \(\underline{\text{ 2020 }}\) } \quad\quad\quad \quad \text{ \(\underline{\text{ 2021}}\) } & \\\text{Current assets................................................................................ } & \quad \quad \quad \quad \quad\text{\$23,000 \quad \quad \quad 27,000} \\\text{Accounts payable.........................................................} & \quad \quad \quad \quad \quad \text{\ 9,000 \quad \quad \quad 10,000} \\\text{Other current liabilities.........................................................} & \quad \quad \quad \quad \quad \text{\ 5,000 \quad \quad \quad 4,000} \\\text{Non-current liabilities..........................................................} & \quad \quad \quad \quad \quad \text{\ 50,000 \quad \quad \quad 62,000} \\\text{Sales revenue ..............................................................} & \quad \quad \quad \quad \quad \text{\ 125,000 \quad \quad \quad 135,000} \\\text{Cost of goods sold .............................................................} & \quad \quad \quad \quad \quad \text{\ 75,000 \quad \quad \quad 79,600} \\\ \end{array}
To one decimal, Helium's days payable outstanding for 2021 is


A) 43.6 days.
B) 46.2 days.
C) 47.2 days.
D) 48.7 days.

Correct Answer:

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