LoDo has sales of £642,000 and average trade payables of £36,400.The cost of goods sold is equivalent to 65% of sales.How long does it take LoDo to pay its suppliers?
A) 11.46 days.
B) 13.45 days.
C) 20.69 days.
D) 26.18 days.
E) 31.84 days.
Correct Answer:
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