Modern Sound Has Sales of $811,000 and Average Accounts Payable

question 89

Multiple Choice

Modern Sound has sales of $811,000 and average accounts payable of $87,400.The cost of goods sold is equivalent to 72 percent of sales.How long does it take the firm to pay its suppliers?

• A)41.46 days
• B)33.45 days
• C)48.69 days
• D)66.18 days
• E)54.63 days