Reference no: EM132717626

Question - Please calculate and interpret the accounts payable days for this firm. Assume 365 days in your calculations.

Accounts Payable Days = 49.1; it takes an average of 49.1 days for the firm to pay off its purchases made on credit.

Accounts Payable Days = 35.1; it takes an average of 35.1 days for accounts payable to be paid in full.

Accounts Payable Days = 40.9; it takes an average of 40.9 days for the firm to pay off its purchases made on credit.

Accounts Payable Days = 49.1; it takes an average of 49.1 days for accounts payable to increase in value.

Accounts Payable Days = 40.9; it takes an average of 40.9 days for accountants to update accounts payable.