The XYZ Company Has Annual Average Purchases of $200,000 and an Ending

question 12

Multiple Choice

The XYZ Company has annual average purchases of $200,000 and an ending accounts payable balance of $36,000.How long,on average,does XYZ take to pay for its purchases?

• A)11.11 days
• B)22.22 days
• C)28.78 days
• D)32.85 days
• E)65.70 days

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