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DEF Company has accounts payable of $40,000 at the beginning of the year and $30,000 at the end of the year. During the year, the company recorded credit purchases of $200,000. Calculate the accounts payable turnover ratio.

DEF Company has accounts payable of $40,000 at the beginning of the year and $30,000 at the end of the year. During the year, the company recorded credit purchases of $200,000. Calculate the accounts payable turnover ratio.

Managerial Accounting: The Cornerstone of Business Decision-Making
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 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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DEF Company has accounts payable of $40,000 at the beginning of the year and $30,000 at the end of the year. During the year, the company recorded credit purchases of $200,000. Calculate the accounts payable turnover ratio.

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