On December 31st, Dresden Corp. has cost of goods sold of $620,000, ending inventory is $110,000, beginning inventory is $95,000, and average accounts payable is $132,000. What is the accounts payable. turnover? (Financial Accounting)

On December 31st, Dresden Corp. has cost of goods sold of $620,000, ending inventory is $110,000, beginning inventory is $95,000, and average accounts payable is $132,000. What is the accounts payable. turnover? (Financial Accounting)

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 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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Question

Need answer

On December 31st, Dresden Corp. has
cost of goods sold of $620,000, ending
inventory is $110,000, beginning inventory
is $95,000, and average accounts payable
is $132,000. What is the accounts payable.
turnover? (Financial Accounting)

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