The days in payable for 2010 is (use average payables):
A) 47.10 days.
B) 40.46 days.
C) 45.85 days.
D) 40.82 days.
E) 35.13 days.

Name: The days in payable for 2010 is (use average payables): A) 47.10 days. B) 40.46 days. C) 45.85 days. D) 40.82 days. E) 35.13 days.
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Question

Quizplus · Accepted Answer

The days in payable is calculated using the formula: (Average Accounts Payable / Cost of Goods Sold) * 365. The correct calculation based on the given options results in 40.46 days.

The Days in Payable for 2010 Is (Use Average Payables)