LoDo,IncHas Sales of $642,000 and Average Accounts Payable of $36,400

question 39

Multiple Choice

LoDo,Inc.has sales of $642,000 and average accounts payable of $36,400.The cost of goods sold is equivalent to 75% of sales.How long does it take LoDo to pay its suppliers?

• A)11.46 days
• B)13.45 days
• C)20.69 days
• D)27.59 days
• E)31.85 days

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Definitions:

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Randomly Turns Off

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Refers to the correct installation of hardware components in their designated slots or connections ensuring they function as intended.