Currier & Ive’s Lithography has a Cost of Goods Sold of $60.8 million. The company’s accounts payable balance is $7.5 million. Its accounts payable deferral period is A) 81 days. B) 45 days. C) 8.11 days. D) 48.7 days.

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Currier & Ive’s Lithography has a Cost of Goods Sold of $60.8 million. The company’s accounts payable balance is $7.5 million. Its accounts payable deferral period is
A) 81 days.
B) 45 days.
C) 8.11 days.
D) 48.7 days.
Darshita Changed status to publish August 12, 2020
0

Answer:

accounts payable deferral period

=365  /  (6.8 / 7.5)

=365 / 8.11

=45 days

Darshita Changed status to publish August 12, 2020

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