The El Toro Company had $5 million of inventory at the beginning of the year and $7 million of inventory at the end of the year. If the balance in accounts payable at the end of the year is $3 million and the cost of goods sold for the year is $10 million, what is El Toro's days in payables?

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The Answer of The El Toro Company had $5 million of inventory at the beginning of the year and $7 million of inventory at the end of the year. If the balance in accounts payable at the end of the year is $3 million and the cost of goods sold for the year is $10 million, what is El Toro's days in payables?

The El Toro Company Had $5 Million of Inventory at the Beginning