During April, ABC Industrial had cost of goods sold of $90,000 and the accounts payable...
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Accounting
During April, ABC Industrial had cost of goods sold of $90,000 and the accounts payable at the end of the month were $60,000. How many days does take ABC Industrial to pay its bills?
Ending inventory is $120,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate days in inventory.
Ending accounts payable are $30,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate the payment period.
Ending accounts receivable are $90,000. Revenue per day is $2,000. Cost of goods sold per day are $3,000. Calculate the collection period.
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