A company reports Cost of Goods Sold of $340,000?, Ending Inventory of $105,000?, Beginning Inventory of $35,000?,
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Question:
A company reports Cost of Goods Sold of $340,000?, Ending Inventory of $105,000?, Beginning Inventory of $35,000?, Ending Accounts Payable of $135,000 and Beginning Accounts Payable of $50,000. What is the accounts payable? turnover? (Round your final answer to two decimal? places.)
A. 3.68.
B. 2.52.
C. 3.04.
D. 4.43.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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