Question: You are given the following information for the company LAMBDA Inc.: inventories=$1,000, receivables=$95, payables=$850, cost of goods sold=$3,000, sales=$5,000. What is the payables turnover ratio

You are given the following information for the company LAMBDA Inc.: inventories=$1,000, receivables=$95, payables=$850, cost of goods sold=$3,000, sales=$5,000. What is the payables turnover ratio for LAMBDA? A) 0.2833 B) 8.947 C) 5.882 D) 83

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