Payable turnover is a measure of cost ofgoods sold and accounts payable.Select one:O TrueO False

Payable turnover ratio is calculated as follows - cost of goods sold / average accounts payable

Answered: Payable turnover is a measure of cost…

Business

Accounting

Payable turnover is a measure of cost ot goods sold and accounts payable. Select one: O True False

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 20MC: A multi-step income statement ________. A. separates cost of goods sold from operating expenses B....

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Question

Payable turnover is a measure of cost of
goods sold and accounts payable.
Select one:
O True
O False

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