value 0.50 points E9-7 Calculating and Explaining the Accounts Payable Turnover Ratio LO9-2 Headcase designs,...
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value 0.50 points E9-7 Calculating and Explaining the Accounts Payable Turnover Ratio LO9-2 Headcase designs, markets, and distributes audio and gaming headphones, earbuds, and speakers. Last year, Headcase reported cost of goods sold of $171 million. This year, cost of goods sold was $132 million. Accounts payable was $30 milion at the end of last year, and $14 milllon at the end of this year. Required: 1. For this year, compute the average number of days that Headcase accounts payable are outstanding. (Round your answer to the nearest whole number.) rage number of days
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