The Down Towner Has Sales of $642,000 and Average Accounts

question 20

Multiple Choice

The Down Towner has sales of $642,000 and average accounts payable of $56,400.The cost of goods sold is equivalent to 68 percent of sales.How long does it take Down Towner to pay its suppliers?

• A)32.07 days
• B)43.45 days
• C)40.69 days
• D)47.16 days
• E)31.85 days

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The elite social class in colonies, often composed of those who held large tracts of land, engaged in governance, or had significant economic power.

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