Reference no: EM132696926
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
Problem 1: To one decimal, GED's days payable outstanding for 2021 is:
a. 43.6
b. 46.2
c. 47.2
d. 48.7
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