Company to pay off its suppliers during the year

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Reference no: EM131931257

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?

Reference no: EM131931257

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