The Winters Co. has annual sales of £918,700. Cost of goods sold is 55 percent of annual sales and on credit. The firm has an average accounts payable balance of £72,400. How many days on average does it take The Winters Co. to pay its suppliers? (Assume 365 days in a year) A 29 days B 52 days C 34 days D 46 days

The Winters Co. has annual sales of £918,700. Cost of goods sold is 55 percent of annual sales and on credit. The firm has an average accounts payable balance of £72,400. How many days on average does it take The Winters Co. to pay its suppliers? (Assume 365 days in a year) A 29 days B 52 days C 34 days D 46 days

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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