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Calculating the Days' Payable Period . The following information is taken from the annual report of Coca-Cola Enterprises, Inc.: (amounts in millions) Year 2 Year

Calculating the Days' Payable Period. The following information is taken from the annual report of Coca-Cola Enterprises, Inc.:

(amounts in millions) Year 2 Year 1
Net revenue $18,706 $18,158
Cost of goods sold 13,385 12,971
Inventories 786 763
Accounts payable 2,639 2,708

Using this information, calculate the accounts payable turnover ratio and the days' payable period for Year 1 and Year 2.

Do not round until your final answer. Round all answers to nearest one decimal place.

Year 2 Year 1
Accounts payable turnover

Answer

Answer

Days'payable period

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Answer

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