Edger & Company has an accounts payable turnover of 5.6, while Salerno Industries has anaccounts payable turnover of 8.9. Which company is more liquid?a. Edger & Companyb. Salerno Industriesc. Both are equally liquid.d. Unknown because accounts payable turnover is not a measure of liquidity.
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Edger & Company has an accounts payable turnover of 5.6, while Salerno Industries has an
accounts payable turnover of 8.9. Which company is more liquid?
a. Edger & Company
b. Salerno Industries
c. Both are equally liquid.
d. Unknown because accounts payable turnover is not a measure of liquidity.
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