Project #45482 - Average Payment Period Ratio

For this assignment, you will develop and analyze financial statements. Part 1 of the assignment includes describing what an average payment period is and how it is calculated. Use the years and the dollar amounts provided in the table below

 

 

Operating Expenses

Depreciation and Amortization

Difference

Days per Year

Average Cash Expense per Day

15,255,263.00

553,219.00

 

365

 

12,589,823.00

665,393.00

 

365

 

Year

Current Liabilities

Average Cash Expense Per Day

Average Payment Period Days

 

2011

2,550,263.00

 

 

 

2012

4,553,681.00

 

 

 

 

 

Subject Mathematics
Due By (Pacific Time) 10/30/2014 02:00 pm
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