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JBK Corp has $400,000 of sales, $90,000 of inventories, $80,000 of receivables, and $70,000 of payables. ts cost of goods sold is 65% of sales. Assume a 365-day year, what is JBKs payable deferral period? A. 98.27 B. 101.30 O C. 145.86 O D. 126.19 C E. 139.82
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Pavable Deferral Period Payable Deferral Period Accounts Payable Cost of goods sold per day Cost of goods sold-65% of the sales = $400,000 x 65% - $260,000 Therefore, Payable Deferral Period Accounts Payable Cost of goods sold per day $260,000/(S260,000/365 Days) -$260,000/$712.33 - $98.27 Days Hence, The Payable Deferral Period弌A). 98.27 Days

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