If a company has RM200,000 in Costs of goods sold, RM 15,000 inventories and RM 12,500 inventories. What is its average payment period?A.24 daysB.20.4134 daysC.24.8125 daysD.22.8125 days
Question
If a company has RM200,000 in Costs of goods sold, RM 15,000 inventories and RM 12,500 inventories. What is its average payment period?A.24 daysB.20.4134 daysC.24.8125 daysD.22.8125 days
Solution
The question seems to be incomplete. The average payment period is calculated using the formula: (Inventory / Cost of Goods Sold) x 365. However, you've provided two different inventory values (RM 15,000 and RM 12,500) and no context on how to use them. Could you please provide more information or clarify the question?
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