Question: Ten Peaks Coffee Company Inc is a Burnaby British Columbia based

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.
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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