The following information relates to LoGo Corporation: Accounts payable $650,000 Credit purchases $21,000,000 Accounts receivable $2,100,000 What is LoGo's payables deferral period (DPO)? In your computations, assume there are 360 days in the year.
A. 21.45 days
B. 11.14 days
C. 32.31 days
D. 20.11 days
E. 30.95 days
Answer: B
Business
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