Computation of no odd days to pay its suppliesrs

Reference no: EM1316311

LoDo, Inc. has sales of $642,000 and average accounts payable of $36,400. The cost of goods sold is equivalent to 65% of sales. How long does it take LoDo to pay its suppliers?

a) 11.46 days

b) 13.45 days

c) 20.69 days

d) 26.18 days

e) 31.85 days

Reference no: EM1316311

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