The balance of LandyLandy Corporation's accounts payable at the beginning of the most recent year was $ 50 comma 000$50,000. At the end of the year, the accounts payable balance was $ 54 comma 000$54,000. Landy'sLandy's sales revenue for the year was $ 3 comma 105 comma 000$3,105,000 , while its cost of goods sold for the year was $ 1 comma 508 comma 000$1,508,000. Calculate Landy'sLandy's days' payable outstanding (DPO) for the year. Assume inventory levels are constant throughout the year. If the credit terms from Landy'sLandy's suppliers are n/30, how would you interpret Landy'sLandy's DPO? (Round the DPO to two decimal places, X. XX.)
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Home » Business » The balance of LandyLandy Corporation's accounts payable at the beginning of the most recent year was $ 50 comma 000$50,000. At the end of the year, the accounts payable balance was $ 54 comma 000$54,000.