Solved

A Co,a Biotechnology Company,reported Cost of Goods Sold of $345

Question 32

Multiple Choice

A Co,a biotechnology company,reported cost of goods sold of $345.2 million and trade payables of $121.6 million for 2012.In 2011,cost of goods sold was $300.8 million and trade payable was $103.9 million.What was A Co's trade payables turnover ratio in 2012?


A) 2.84
B) 2.86
C) 2.90
D) 3.06

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents