Question

In the latest published financial statements, an amount of $42,000 appears against accounts payable. During the year, goods worth $150,000 were purchased on credit.

Assuming 365 days in a year, what is the approximate accounts payable payment period (in days)?

Answer 1

Answer:in the latest published financial statements,an amount of $42000 appears against accounts payable.During the year,goods worthy $150000 were purchased on credit .assuming 365 days in a year ,what is the approximate accounts payable payment period.

Explanation: