Wardlow Sales, Inc.s comparative income statements and balance sheets show the following selected information for 2011 and

Question:

Wardlow Sales, Inc.€™s comparative income statements and balance sheets show the following selected information for 2011 and 2012:

Requirements
1. Calculate the company€™s accounts payable turnover and days payable outstanding (DPO) for 2011 and 2012.
2. On the basis of this computation alone, has the company€™s liquidity position improved or deteriorated during2012?

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Financial accounting

ISBN: 978-0132751124

9th edition

Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom

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Question Posted: Apr 22, 2013 01:30 AM

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Wardlow Sales, Inc.s comparative income statements and balance sheets show the following selected information for 2011 and

Question:

2012 2011 Cost of goods sold. Average accounts payable $2,700,000 2,500,000 250,000 300,000

Step by Step Answer:

Req 1 2012 2011 Accounts payable turnover COGS Averag...View the full answer

Financial accounting

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