The following information relates to LoGo Corporation. Accounts payable $650,000
Credit purchases $21,000,000
Assuming there are 360 days in a year, the payables deferral period for the company is:
A) 21.45 days.
B) 11.14 days.
C) 18.56 days.
D) 25.42 days.
E) 15.89 days.
Correct Answer:
Verified
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