Solution-Compute the GED days payable outstanding

Compute the GED days payable outstanding

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Reference no: EM132726176

Question - JGE Concrete Corp. provides the following information for 2020 and 2021:

	2020	2021
Current assets	$23,000	$27,000
Accounts payable	9,000	10,000
Other current liabilities	5,000	4,000
Non-current liabilities	50,000	62,000
Sales revenue	125,000	135,000
Cost of goods sold	75,000	79,600

To one decimal, compute the GED's days payable outstanding for 2021?

a. 43.6

b. 46.2

c. 47.2

d. 48.7

Reference no: EM132726176

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Compute the GED days payable outstanding

Reference no: EM132726176

Reference no: EM132726176

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