A firm has average daily expenses of $2.13 million and average accounts payable of $112.7 million.On average,how many days does it take the firm to pay its bills?
A) 63.47 days
B) 52.91 days
C) 48.19 days
D) 59.03 days

Name: A firm has average daily expenses of $2.13 million and average accounts payable of $112.7 million.On average,how many days does it take the firm to pay its bills? A) 63.47 days B) 52.91 days C) 48.19 days D) 59.03 days
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Question

Quizplus · Accepted Answer

$112.7m / $2.13m = 52.91 days

A Firm Has Average Daily Expenses of $2