Crystal Oil Has $9 Million in Accounts Payable, $1

question 21

Multiple Choice

Crystal Oil has $9 million in accounts payable, $1.8 million in salaries and taxes payable, and $10.4 in other current liabilities. If Crystal Oil had a cost of sales of $54 million and selling, general, and administrative expense of $18 million, what is the length of its payables deferral period?

• A) 107.47 days
• B) 73.02 days
• C) 54.75 days
• D) 45.63 days

---

Definitions:

Hospices

Specialized facilities or services that provide care and support for terminally ill patients and their families, focusing on comfort and quality of life.

Hospital Treatment

Medical or surgical care received in a hospital setting, often involving overnight stays or specialized procedures.

Palliative Care

Treatment focused on the relief of pain and suffering rather than cure.

Curative Treatment

Medical treatment given with the intention of curing rather than just reducing the symptoms of a disease.