You are studying with some classmates, and one of them states the following: A companys suppliers would

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You are studying with some classmates, and one of them states the following:
A company’s suppliers would prefer that it have a lower accounts payable turnover ratio as that indicates that the company has a lot of cash to pay its current liabilities.


Required
Identify and explain the flaws in your classmate’s statement.

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Related Book For  book-img-for-question

Understanding Financial Accounting

ISBN: 9781119715474

3rd Canadian Edition

Authors: Christopher D. Burnley

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