Hazel wants to determine the companyrsquos account payable, Ask an Expert

Finance

Hazel wants to determine the company’s account payable turnover for the past year, Kin the beginning of this period, the accounts payable balance was $800,000 and the ending balance was $884,000. Purchases for the last 12 months were $7,500,000. Based on this information, the accounts payable turnover is?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92672342

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