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- 2014-7-1
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Deimon Wrote:
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> Sure!
>
> days of payables = (accounts payable / purchases)
> * number of days
>
> days sales in accounts payable = (accounts payable
> / COGS) * number of days
I think they are the same. Recall reading that sometimes COGS is used as proxy for purchases if purchase info is not available. |
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