Multiple Choice
A business with a payables turnover ratio of 10.4 times a year would have an average payable period of about:
A) 3 days.
B) 30 days.
C) 35 days.
D) 62 days.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: Refer to the following Gunther's Emporium information
Q38: Liquidity ratios, such as the current ratio
Q59: An inventory turnover ratio above the industry
Q60: The income statement is based on the
Q72: Small businesses with high leverage ratios are
Q83: The break-even point is the level of
Q84: The _ ratio measures a company's ability
Q96: Help Jim compute the break-even point for
Q124: Which ratio would best give an owner
Q132: Most firms calculate their quick assets by