Consider the following financial statement information for the Hop Corporation: Item Beginning Ending
Inventory $16,200 $19,100
Accounts 14,000 16,000
Receivable Accounts Payable 11,000 14,000
Net Sale $219,000
COGS 168,000
What is the payable period for Hop Corporation? o 20.32 days o 17.52 days o 13.44 days
o 27.16 days