Abc company has annual sales of 504518 the cost of goods, Financial Management

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Abc company has annual sales of 504518 the cost of goods

ABC Company has annual sales of $504,518. The cost of goods sold are $408,322. The firm has an accounts receivable balance of $11,167 and an accounts payable balance of $11,285. How many days does it take the firm to pay its suppliers? Assume 365 days.

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Financial Management: Abc company has annual sales of 504518 the cost of goods

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Financial Management: Abc company has annual sales of 504518 the cost of goods

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