Modern Sound has sales of $811,000 and average accounts payable of $87,400.The cost of goods sold is equivalent to 72 percent of sales.How long does it take the firm to pay its suppliers?
A)41.46 days
B)33.45 days
C)48.69 days
D)66.18 days
E)54.63 days

Question

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The Answer of Modern Sound has sales of $811,000 and average accounts payable of $87,400.The cost of goods sold is equivalent to 72 percent of sales.How long does it take the firm to pay its suppliers?
A)41.46 days
B)33.45 days
C)48.69 days
D)66.18 days
E)54.63 days

Modern Sound Has Sales of $811,000 and Average Accounts Payable