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Company a Has an Accounts Payable Turnover of 9

Question 95

Multiple Choice

Company A has an accounts payable turnover of 9.5. Company B has an accounts payable turnover of 7.3. Which company is more liquid?


A) Company A is more liquid.
B) Company B is more liquid.
C) Both are equally liquid.
D) None of the above are correct.

Correct Answer:

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