If the accounts payable turnover is 5.4,what is the days' payable outstanding? (Round your answer to the nearest day. )
A) 58 days
B) 18 days
C) 68 days
D) 55 days
Correct Answer:
Verified
Q16: Current liabilities are usually associated with:
A)purchase of
Q17: Current liabilities are mostly for:
A)operating activities
B)financing activities.
C)investing
Q18: All of the following are reported as
Q19: The most frequently used current liabilities are:
A)accounts
Q20: Amounts owed for products or services purchased
Q22: If Cost of Goods Sold is $240,000,beginning
Q23: On December 31st,Goliath Corporation has cost of
Q24: The accounts payable turnover is calculated by
Q25: Which number is needed in calculating the
Q26: On December 31st,Datton,Inc.has cost of goods sold
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