On December 31st,Smith Corporation has cost of goods sold of $124,000,ending inventory is $25,000,beginning inventory is $28,000;and average accounts payable is $15,000.
Required:
1.What is the accounts payable turnover (take all answers to two decimal places)?
2.What is the accounts payable turnover in days (take to the nearest day)?

Question

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The Answer of On December 31st,Smith Corporation has cost of goods sold of $124,000,ending inventory is $25,000,beginning inventory is $28,000;and average accounts payable is $15,000.
Required:
1.What is the accounts payable turnover (take all answers to two decimal places)?
2.What is the accounts payable turnover in days (take to the nearest day)?

On December 31st,Smith Corporation Has Cost of Goods Sold of $124,000,ending