True Blue Stores had a beginning accounts payable balance of $56,900 and an ending accounts payable balance of $62,800.Sales for the period were $670,000 and costs of goods sold were $468,000.What is the payables turnover rate?

Question

Quizplus · Accepted Answer

The Answer of True Blue Stores had a beginning accounts payable balance of $56,900 and an ending accounts payable balance of $62,800.Sales for the period were $670,000 and costs of goods sold were $468,000.What is the payables turnover rate?

True Blue Stores Had a Beginning Accounts Payable Balance of $56,900