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Accounts Payable Turnover Ratio
Ratio for Account Payable Turnover is as Follow:
Creditors/accounts payable turnover = Annual credit purchases /Average creditors
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Interpolation method Consequently, r denotes required rate of return Consequently, r = 14 percent + (15 percent - 14 percent) x 253 .646 /253 .646 + 5.375
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