Firms credit customers to pay for their purchases

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Reference no: EM131081671

Morning Star has credit sales of $914,900, cost of goods sold of $764,800, average accounts receivable of $121,300, and average accounts payable $127,600. On average how long does it take for the firm's credit customers to pay for their purchases?

Reference no: EM131081671

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Firms credit customers to pay for their purchases : Morning Star has credit sales of $914,900, cost of goods sold of $764,800, average accounts receivable of $121,300, and average accounts payable $127,600. On average how long does it take for the firm's credit customers to pay for their purchases?

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