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23-04-2024
Business

Answered

Rocky Mountain Homes has sales of $1.45 million and average accounts payable of $74,400. The cost of goods sold is equivalent to 80% of sales. How long does it take Rocky Mountain to pay its suppliers?
A. 23.41 days
B. 24.01 days
C. 25.38 days
D. 27.99 days
E. 29.26 days

Answer :

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