Which of the following is the correct expression for the payables deferral period?

Question

Quizplus · Accepted Answer

The correct expression for the payables deferral period is the accounts payable divided by daily credit purchases. This is because the payables deferral period measures the number of days it takes a company to pay its accounts payable, on average, after a credit purchase is made. Dividing accounts payable by daily credit purchases gives the number of days of credit that a company takes to pay its suppliers.

Which of the Following Is the Correct Expression for the Payables