Business, 05.10.2020 15:01 bellabarber204

ABC Inc. has a 59-day average payables period. The account payables are $2,737.50 at the beginning and $3,589.50 at the end of the covering year. What is the annual cost of goods sold? Use a 365-day year when calculating the APP. (hint: use average account payables) a.
$17,265

b.
$19,571

c.
$20,123

d.
$18,992

Answers: 2

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ABC Inc. has a 59-day average payables period. The account payables are $2,737.50 at the beginning a...

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