Wardlow Sales, Inc.'s comparative income statements and balance sheets show the following selected information for 2019 and

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Wardlow Sales, Inc.'s comparative income statements and balance sheets show the following selected information for 2019 and 2020:image text in transcribed

{Requirements}
1. Calculate the company's accounts payable turnover and days payable outstanding (DPO) for 2019 and 2020.
2. On the basis of this computation alone, has the company's liquidity position improved or deteriorated during 2020 ?

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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