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:
Verified
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