1. Hare, Inc., had a cost of goods sold of $44,121. At the end of the year, the accounts payable balance was $8,143. How long on average did it take the company to pay off its suppliers during the year?
2. W&B Corp. has current liabilities of $446,000, a quick ratio of .85, inventory turnover of 6.1, and a current ratio of 1.5. What is the cost of goods sold for the company?