Which of the Following Statements Incorrectly Describes the Accounts Payable

Multiple Choice

Which of the following statements incorrectly describes the accounts payable turnover ratio?

A) A high ratio indicates that suppliers are being paid in a timely manner.
B) The ratio increases when inventory is sold on account regardless of the sales price.
C) The ratio can be manipulated by aggressively paying off accounts payable at year-end.
D) The ratio is not affected by the choice of inventory accounting methods.