Solution-What is the average payment period

What is the average payment period

Reference no: EM133122963

HG Livery Supply had a beginning accounts payable balance of $57,300 and an ending accounts payable balance of $55,100. Sales for the period were $610,000 and costs of goods sold were $458,000. What is the average payment period? (Note: if you have a beginning and an ending balance for A/R, A/P, or inventory, you should average them before beginning calculations).

Reference no: EM133122963

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What is the average payment period

Reference no: EM133122963

Reference no: EM133122963

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