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Outstanding accounts payable

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Reference no: EM133254131

ABC Office had the following selected account balances at the year-end:

Amounts in thousands

 

Sales revenue

$135,000

Cost of goods sold

90,000

Net income

17,000

Inventory

10,400

Accounts Receivable

13,500

Accounts payable

10,000

How many days, on average, does it take B&B Office to pay its outstanding accounts payable? 

  1. 11.6 days
  2. 32.1 days
  3. 40.5 days
  4. 55.5 days

Reference no: EM133254131

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