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    Business
  3. Study Set
    Principles of Accounting
  4. Exam
    Exam 16: Financial Performance Measurement
  5. Question
    Given the Following Information, Calculate the Payables Turnover and Days
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Given the Following Information, Calculate the Payables Turnover and Days

Question 12

Question 12

Essay

Given the following information, calculate the payables turnover and days' payable. Round answers to two decimal places.
Given the following information, calculate the payables turnover and days' payable. Round answers to two decimal places.     a. Payables turnover b. Days' payable
a. Payables turnover
b. Days' payable

Correct Answer:

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a. 5.57 times
{($8,321 + $125)...

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