Question: In 2 0 X 8 , P Co reported a trade payables turnover ratio of 2 . 4 9 and C Co reported a turnover

In 20X8, P Co reported a trade payables turnover ratio of 2.49 and C Co reported a turnover ratio of 1.74 for that same year. Which of the following statements is true?
Multiple Choice
C Co pays their vendors in a timeller manner than P Co pays their vendors.
On a comparative basis to cost of sales, P Co carlies more in average payables than does CO .
It is unclear if P CO pays their vendors in a timeller manner than C Co.
P Co took approximately 147 days while C Co took about 210 days to pay vendors.
 In 20X8, P Co reported a trade payables turnover ratio of

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