Question

Ten Peaks Coffee Company Inc. is a Burnaby, British Columbia–based specialty coffee company. The company provides green coffee decaffeination services as well as green coffee handling and storage services. Exhibit 9-8 contains an excerpt from Ten Peaks’ 2013 annual report.
Required:
a. Calculate the accounts payable turnover ratio and accounts payable payment period for Ten Peaks. The company’s cost of goods sold for its 2013 fiscal year was $47,662 thousand.
b. Calculate the company’s current and quick ratio for 2012 and 2013. Comment on the year-over-year trend.


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  • CreatedJune 11, 2015
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