Tippler, Inc. has sales of $468,000, average accounts receivable of $27,500, and average accounts payable...
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Accounting
Tippler, Inc. has sales of $468,000, average accounts receivable of $27,500, and average accounts payable of $22,300. The cost of goods sold is equivalent to 75% of sales. How long does it take Tippler to pay their suppliers?
Multiple Choice
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23.19 days
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25.89 days
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17.39 days
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12.76 days
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28.60 days
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