On December 31st Dalton, Inc has cost of goods sold of $550,000, ending inventory is $102,000, beginning inventory is $120,000, and average accounts payable is $114,000. What is the accounts payable turnover? a. 2.88 b. 4.98 c. 4.67 d. 7.77

On December 31st Dalton, Inc has cost of goods sold of $550,000, ending inventory is $102,000, beginning inventory is $120,000, and average accounts payable is $114,000. What is the accounts payable turnover? a. 2.88 b. 4.98 c. 4.67 d. 7.77

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 46E

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Question

100%

What is the accounts payable turnover for this accounting question?

On December 31st Dalton, Inc has cost of goods sold
of $550,000, ending inventory is $102,000,
beginning inventory is $120,000, and average
accounts payable is $114,000. What is the accounts
payable turnover?
a. 2.88
b. 4.98
c. 4.67
d. 7.77

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