problem 4

2 points In 2019, Ace Hardware reported the following on its financial statements: Net Income = $11,121 Accounts Payable = $7,755 Cash = $1,778 COGS = $71,043 Accounts Receivable = $1,936 Other Short Term Liabilities =$6,566 Short Term Debt = $2,395 Taxes = $3,435 Inventories = $13,925 Dep & Amort Expense = $1,870 Equity = -$1,878 SG& A Expense = $19,760 Other Current Assets = $890 Interest = $974 Long Term Debt = $26,807 How does Ace Hardware's accounts payable days compare to True Value's, if True Value has 23 accounts payable days for the same time period? It indicates that Ace pays money that it owes to its suppliers faster than True Value O It indicates that Ace collects money that is due from its customers slower than True Value O it indicates that Ace pays money that it owes to its suppliers slower than True Value It indicates that Ace collects money that is due from its customers faster than True Value