A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending inventory is 80,000 The firm's cost of good sold is are $500,000 and Sales is 900,000 The firm's payable turnover is
A firm has an average account payable of of $75,000 and beginning inventory of $30,000.ending inventory is 80,000 The firm's cost of good sold is are $500,000 and Sales is 900,000 The firm's payable turnover is
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12PROB
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![A firm has an average account
payable of of $75,000 and
beginning inventory of
$30,000.ending inventory is 80,000
The firm's cost of good sold is are
$500,000 and Sales is 900,000
The firm's payable turnover is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F79f49bca-985e-4c2f-9816-4b51d39199cb%2Fe2835ca0-f2d6-4ac1-9f36-fe3ba17a479d%2Ftcomzot_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A firm has an average account
payable of of $75,000 and
beginning inventory of
$30,000.ending inventory is 80,000
The firm's cost of good sold is are
$500,000 and Sales is 900,000
The firm's payable turnover is
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