Columbia Sportswear is an outdoor and active lifestyle apparel and footwear company. Assume that last...
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Accounting
Columbia Sportswear is an outdoor and active lifestyle apparel and footwear company. Assume that last year Columbia reported cost of goods sold of $941 million. This year, cost of goods sold was $1,146 million. Accounts payable was $174 million at the end of last year and $214 million at the end of this year.
Required:
1. For this year, compute the average number of days that Columbia's accounts payable are outstanding. (Assume 365 days in a year. Do not round intermediate calculations. Round your final answer to nearest whole number.)
Number of days ____________
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