Question

Jinna Sales, Inc.’s comparative income statements and balance sheets show the following selected information for 2013 and 2014:


Requirements
1. Calculate the company’s accounts payable turnover and days’ payable outstanding (DPO) for 2013 and 2014.
2. On the basis of this computation alone, has the company’s liquidity position improved or deteriorated during2014?


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  • CreatedJuly 25, 2014
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