What is the firm payables deferral period

Reference no: EM131931542

Question: ABC, Inc. has been experiencing cash shortages due to its high growth rate. Using the following information, what is the firm's Payables Deferral Period?_ (Round to one decimal place.) Average inventory = $ 75,000 Annual sales = $600,000 Annual cost of goods sold = $360,000 Average accounts receivable = $160,000 Average accounts payable = $ 25,000

Reference no: EM131931542

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