Determine the average age of accounts payable and payable, Accounting Basics

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Determine the average age of accounts payable and payable

Question: Determine the average age of accounts payable and payable turns for the construction company in Figures 6-3 and 6-4. Use only the material and subcontract construction costs to calculate the average of accounts payable. What insight does this give you into the company's financial operations?

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Accounting Basics: Determine the average age of accounts payable and payable

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Accounting Basics: Determine the average age of accounts payable and payable

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Q : Determine the average age of accounts payable and payable