On December 31st,Baxtor,Inc.has cost of goods sold of $380,000,ending inventory is $12,000,beginning inventory is $28,000;and average accounts payable is $89,000.What is the accounts payable turnover? (Round your answer two decimal places. )
A) 4.45
B) 5.72
C) 3.82
D) 4.09
Correct Answer:
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