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During the prior year Company A had days payables outstanding of 27.  As of the end of the current year, it had the following balances:  Inventory $2,000; Accounts payable $15,000;  Notes payable $7,000. During the year it had:  Net credit sales $953,000; Cost of Goods Sold $559,000, and Operating expenses of $118,000. Based on the information provided enter the larger days payables outstanding amount rounded to the nearest two decimal places.  Example if last year's days payables outstanding was 7 and this year it was 9.8243.  You would enter 9.82.   I really need help with this question

During the prior year Company A had days payables outstanding of 27.  As of the end of the current year, it had the following balances:  Inventory $2,000; Accounts payable $15,000;  Notes payable $7,000. During the year it had:  Net credit sales $953,000; Cost of Goods Sold $559,000, and Operating expenses of $118,000. Based on the information provided enter the larger days payables outstanding amount rounded to the nearest two decimal places.  Example if last year's days payables outstanding was 7 and this year it was 9.8243.  You would enter 9.82.   I really need help with this question

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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 During the prior year Company A had days payables outstanding of 27.  As of the end of the current year, it had the following balances:  Inventory $2,000; Accounts payable $15,000;  Notes payable $7,000.

During the year it had:  Net credit sales $953,000; Cost of Goods Sold $559,000, and Operating expenses of $118,000.

Based on the information provided enter the larger days payables outstanding amount rounded to the nearest two decimal places.  Example if last year's days payables outstanding was 7 and this year it was 9.8243.  You would enter 9.82.

 

I really need help with this question

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