A business with a payables turnover ratio of 10.4 times a year would have an average payable period of about ________ days.
A) 3
B) 30
C) 35
D) 62
Correct Answer:
Verified
Q59: For the most meaningful interpretation, the small
Q60: Which ratio would best give an owner
Q61: Liquidity ratios help a business owner evaluate
Q62: A current ratio of 2.4:1 means that
Q63: Ideally, a company reaches a point where
Q65: A business should provide the owner with
Q66: The net profit to asset ratio measures
Q67: Ratio analysis allows a business owner to
Q68: Refer to the following information to answer
Q69: The _ ratio shows the portion of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents