LoDo,Inc.has sales of $642,000 and average accounts payable of $36,400.The cost of goods sold is equivalent to 75% 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) 27.59 days
E) 31.85 days
Correct Answer:
Verified
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