XYZ Company has annual sales of $518,138. The cost of goods sold are $392,068. The firm...

XYZ Company has annual sales of $518,138. The cost of goods sold are $392,068. The firm has an accounts receivable balance of $16,047, an accounts payable balance of $15,631 and inventory of $18,963.

How many days does it take on average for the firm to pay its suppliers? That is, what is the payable period? Assume 365 days

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jeff jeffy answered 2 years ago

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