From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period?
You should calculate the ratio using purchases as the denominator.
$
Sales
43,000
Cost of sales
32,500
Opening inventory
6,000
Closing inventory
3,800
Trade accounts payable at 31 August 20X6
4,750
________ Days
The correct answer is: 57 days.
Purchases
= $(32,500 - 6,000 + 3,800)
= $30,300
Accounts payable payment period
= 4,750/30,300 x 365 = 57 days
微信号：gaoduntiku
合作账户登录：
账户名：
密码：
关注官方微信
微信号:gaoduneclass
高顿网校
售前咨询(9:00-21:00)
400-168-8811
在线客服点击咨询
售后咨询(9:00-21:00)
021-31068088
fankui@gaodun.com
微信扫一扫实时资讯全掌握
Copyright © 2006- 高顿网校, All Rights Reserved.
Accounts payable payment period 
