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Question - JGE Concrete Corp. provides the following information for 2020 and 2021:
2020
2021
Current assets
$23,000
$27,000
Accounts payable
9,000
10,000
Other current liabilities
5,000
4,000
Non-current liabilities
50,000
62,000
Sales revenue
125,000
135,000
Cost of goods sold
75,000
79,600
To one decimal, compute the GED's days payable outstanding for 2021?
a. 43.6
b. 46.2
c. 47.2
d. 48.7
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