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
A、40 days
B、50 days
C、53 days
D、57 days
A、40 days
B、50 days
C、53 days
D、57 days
【参考答案及解析】
Purchases = $(32,500 - 6,000 + 3,800) =$30,300
Purchases = $(32,500 - 6,000 + 3,800) =$30,300