Consider the following financial statement information for the Hop Corporation: Item Beginning $16,200 Inventory Accounts 14,000 Receivable Accounts Payable 11,000 Net Sale COGS What is the payable period for Hop Corporation? 17.52 days 27.16 days 20.32 days 13.44 days $219,000 168,000 Ending $19,100 16,000 14,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Consider the following financial statement information for the Hop Corporation:
Item
Beginning
Inventory
$16,200
Accounts
14,000
Receivable
Accounts Payable
11,000
Net Sale
COGS
What is the payable period for Hop Corporation?
17.52 days
27.16 days
20.32 days
13.44 days
$219,000
168,000
Ending
$19,100
16,000
14,000
Transcribed Image Text:Consider the following financial statement information for the Hop Corporation: Item Beginning Inventory $16,200 Accounts 14,000 Receivable Accounts Payable 11,000 Net Sale COGS What is the payable period for Hop Corporation? 17.52 days 27.16 days 20.32 days 13.44 days $219,000 168,000 Ending $19,100 16,000 14,000
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