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What the companys accounts payable turnover is closest to

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Reference no: EM132484701

Question 1: A company reports purchases (all on account) of $388,000. Beginning accounts payable was $27,000 and ending accounts payable was $48,000. The company's accounts payable turnover is closest to:

Option A. 14.37

Option B. 10.35

Option C. 9.66

Option D. 8.08

Reference no: EM132484701

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