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What was trade payables turnover ratio

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Question - A Co, a biotechnology company, reported cost of sales of $345.2 million and trade payables of $121.6 million for 20X3. In 20X2, cost of sales was $300.8 million and trade payable was $103.9 million. What was A Co's trade payables turnover ratio in 20X3?

3.06

2.84

2.90

2.86

Reference no: EM132234187

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