The average time the company took to pay off its suppliers. Introduction: The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

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Answer 1

Question

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

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Students have asked these similar questions

22) A firm has the following data: Inventory conversion period = 75 days Average collection period = 32 days Payables deferral period = 45 days What is the firm's cash conversion cycle? 1. 5 days. 2. 40 days. 3. 62 days. 4. 88 days. 5. 15 days.

2A. Colby's Manufacturing Company management found that during the last year it took an average of 43 days to pay its suppliers, whereas it took 45 days to collect its receivables. The company’s days’ sales in inventory were 58 days. What was Colby's cash conversion cycle? Colby's cash conversion cycle is________days.

May I ask for an explanation and solution to the question for a better understanding. Thank you! 2. If the sales this year amounted to P276,000, sales this year at last year’s price is P230,000, the cost of sales this year is P190,000, and the cost of sales this year at last year’s price is P180,000. How much is the gross profit variation due to sales quantity factor? a. P0 b. P40,000 U c. P40,000 F d. P240,000 F e. can't be determined

Answer 2

Question

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Answer 6

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Answer 7

Chapter 3, Problem 10QP

Summary Introduction

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Answer 8

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Answer 9

Summary Introduction

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 3.1 - Prob. 3.1ACQ Ch. 3.1 - Prob. 3.1BCQ Ch. 3.2 - Prob. 3.2ACQ Ch. 3.2 - Name two types of standardized statements and...Ch. 3.3 - What are the five groups of ratios? Give two or...Ch. 3.3 - Given the total debt ratio, what other two ratios...Ch. 3.3 - Turnover ratios all have one of two figures as the...Ch. 3.3 - Profitability ratios all have the same figure in...Ch. 3.4 - Return on assets, or ROA, can be expressed as the...Ch. 3.4 - Return on equity, or ROE, can be expressed as the...

The average time the company took to pay off its suppliers. Introduction: The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Solution Summary: The author calculates the average time taken by the company to pay off its suppliers or the days' sales in payables.

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Want to see the full answer?

Chapter 3 Solutions

The average time the company took to pay off its suppliers. Introduction: The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Solution Summary: The author calculates the average time taken by the company to pay off its suppliers or the days' sales in payables.

To calculate: The average time the company took to pay off its suppliers. Introduction: The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

To think critically about: The large value that this ratio implies. Introduction: The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

Want to see the full answer?

Chapter 3 Solutions

To calculate: The average time the company took to pay off its suppliers.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.

To think critically about: The large value that this ratio implies.

Introduction:

The average payable period is the days’ payable outstanding by the company. The average payables period mainly states the time taken by the firm to pay their invoices from the creditors like the suppliers.