A company reports Cost of Goods Sold of $305,000,Ending Inventory of $100,000,Beginning Inventory of $10,000,Ending Accounts Payable of $90,000 and Beginning Accounts Payable of $60,000.What is the accounts payable turnover? (Round calculations to one decimal place.)
A) 3.4
B) 4.1
C) 4.4
D) 5.3
Correct Answer:
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