Family Co. manufactures books. It buys significant quantities of supplies from various vendors in order to make its quality products. Calculate Family’s accounts payable turnover for 2023 and 2022 and determine whether it is meeting its objective of paying trade creditors within 25 days (round calculations to two decimal places).

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2023 2022 2021 Cost of goods sold $10,800,000 $9,350,000 $8,100,000 Accounts payable 890,000 654,500 565,000