Using a 365 day year, what is the Days of Payables for a firm that has annual Cost of…

Using a 365 day year, what is the Days of Payables for a firm that has annual Cost of…

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Using a 365 day year, what is the Days of Payables for a firm that
has annual Cost of Goods Sold of $29,986,000 and Accounts
Payable of $1,349,370?

Expert Answer:

Answer rating: 100% (QA)

To calculate the Days of Payables DPO for a firm you can use the following form
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