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What burkeking accounts payable turnover ratio is

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Reference no: EM132833997

Problem 1: Burkeking's Restaurants reported cost of goods sold of $327 million and accounts payable of $79 million for 2020. In 2019, cost of goods sold was $263 million and accounts payable was $67 million. Burkeking's accounts payable turnover ratio in 2020 is closest to:

Option 1: -3.60
Option 2: -4.48
Option 3: -3.93
Option 4: -4.14

Reference no: EM132833997

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