The Mountain Top Shoppe has sales of $512,000,average accounts receivable of $31,400 and average accounts payable of $24,800.The cost of goods sold is equivalent to 71 percent of sales.How long does it take The Mountain Top Shoppe to pay its suppliers?
A) 21.76 days
B) 22.38 days
C) 24.90 days
D) 25.89 days
E) 26.67 days
Correct Answer:
Verified
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