To determine the payables turnover,one first calculates the days' payable.

Name: To determine the payables turnover,one first calculates the days' payable.
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To determine the payables turnover, one first calculates the accounts payable turnover ratio by dividing the total purchases by the average accounts payable balance. The days' payable can be calculated by dividing the number of days in the period by the accounts payable turnover ratio. Therefore, the statement is false.

To Determine the Payables Turnover,one First Calculates the Days' Payable