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Officeworks, Inc. has an average accounts payable balance of $870,000. Its annual cost of goods sold is $15.75 million,
Posted: Wed Mar 09, 2022 8:47 am
by answerhappygod
- Officeworks Inc Has An Average Accounts Payable Balance Of 870 000 Its Annual Cost Of Goods Sold Is 15 75 Million 1 (22.6 KiB) Viewed 59 times
Officeworks, Inc. has an average accounts payable balance of $870,000. Its annual cost of goods sold is $15.75 million, and it receives terms of 2/16, net 50 from its suppliers. Officeworks chooses to forgo this discount. Indicate whether the following
statement is true or false: Given the above information, we can argue that Officeworks is managing its accounts payable well. True False