In 2015, XYZ Corp. had an annual cost of goods sold of $365 million. XYZ’s average accounts receivable balance in 2015 was $35 million, and their average accounts payable balance was $10 million. The...

In 2015, XYZ Corp. had an annual cost of goods sold of $365 million. XYZ’s average accounts receivable balance in 2015 was $35 million, and their average accounts payable balance was $10 million. The terms that XYZ receives on trade credit from its suppliers are 3/20, net 30.  Is XYZ managing its accounts payable well? Why/why not?