FSA: Financial Ratios and Earnings per Share 财务报告分析：财务比率 face, 财务, following, company, payment

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Given the following information about a company:

· Sales of $1.2 million

· Payables payment period of 60 days

· Cost of goods sold equals 70 percent of sales

What is the company’s average trade payables using a 365-day year?

A) $138,158.

B) $14,000.

C) $200,000.

D) $95,256.

The correct answer was A.

COGS = (.7)($1,200,000) = $840,000

365 days/60 days per payment period = 6.08 for the payables turnover ratio

$840,000/6.08 = $138,158

[此贴子已经被作者于2006-4-27 16:27:29编辑过]

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