The following data is available for Toys 4 U for the years 2004 through 20X7: Toys 4 U Financial Data

\begin{array} { | l | r | r | r | r | } \hline & 20X 7 & 20X6 & 20X 5 & 20X 4 \\\hline \text { Cost of sales } & \$ 8,191 & \$ 7,710 & \$ 6,892 & \$ 6,592 \\\hline \text { Accounts payable } & 1,415 & 1,280 & 1,346 & 1,182 \\\hline\end{array}

1. Calculate the trade payables turnover ratio for the following years:

\begin{array} { | l | } \hline \text { a. } 20X7 \quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\\\hline \text { b. } 20X6 \\\hline \text { c. } 20X 5 \\\hline\end{array}

2. Calculate the number of days it is taking Toys 4 U to pay their vendors:

\begin{array} { | l | } \hline \text { a. } 20X 7\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad \\\hline \text { b. } 20X 6 \\\hline \text { c. } 20X 5 \\\hline\end{array}

3. Explain whether Toys 4 U is doing a better job at paying their vendors in a timely manner.

Emerald Jewelers Is a Retail Store Operating in Ontario, Where

Multiple Choice