Landseeker's Restaurants reported cost of goods sold of $342 million and accounts payable of $64 million for 2020. In 2019, cost of goods sold was $278 million and accounts payable was $52 million. Landseeker's accounts payable turnover ratio in 2020 is closest to: Multiple Choice O 5.35 5.90 5.34 4.79

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Landseeker's Restaurants reported cost of goods sold of $342 million and accounts payable of $64 million for 2020. In 2019, cost of goods sold
was $278 million and accounts payable was $52 million. Landseeker's accounts payable turnover ratio in 2020 is closest to:
Multiple Choice
O
5.35
5.90
5.34
4.79
Transcribed Image Text:Landseeker's Restaurants reported cost of goods sold of $342 million and accounts payable of $64 million for 2020. In 2019, cost of goods sold was $278 million and accounts payable was $52 million. Landseeker's accounts payable turnover ratio in 2020 is closest to: Multiple Choice O 5.35 5.90 5.34 4.79
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