Multiple Choice
Holiday Corporation provided these figures for the year ended December 31,2013: Cost of goods sold,$516,117; change in inventory,$67,483 decrease; average accounts payable,$64,599.
What is the company's payables turnover? Round your answer to one decimal place.
A) 9.3 times
B) 6.4 times
C) 6.9 times
D) 7.5 times
Correct Answer:
Verified
Correct Answer:
Verified
Q46: The length of the operating cycle equals
Q47: The most complete financial newspaper in the
Q48: Accounting estimates rarely affect the reported income
Q50: In a common-size income statement,each item is
Q52: The calculation of free cash flow contains
Q53: For 2013,Castro Corporation had average total assets
Q54: The nonoperating items that appear on the
Q55: If dividends declared per share during 2011
Q56: In conducting horizontal analysis,it is important to
Q71: Declining profitability and liquidity ratios are indications