A company reports Cost of Goods Sold of $325,000, Ending Inventory of $125,000, Beginning Inventory of $40,000, Ending Accounts Payable of $95,000 and Beginning Accounts Payable of $55,000. What is the accounts payable turnover? (Round your final answer to two decimal places.)
A) 4.32
B) 4.33
C) 3.42
D) 5.47
Correct Answer:
Verified
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