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 X P Co reported a trade payables turnover ratio of and C Co reported a turnover ratio of for that same year. Which of the following statements is true?
Multiple Choice
C Co pays their vendors in a timeller manner than 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 days while C Co took about days to pay vendors.
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