Assume a 365-day year and the following information for a company:
Current Year | Previous Year | |
Sales | $12,000 | $10,000 |
Cost of goods sold | $9,000 | $7,500 |
Inventory | $1,200 | $1,000 |
Accounts payable | $600 | $600 |
The firm's days of payables for the current year is closest to:
The number of days of payables =