Multiple Choice
Holiday Corporation provided these figures for the year ended December 31,20x5: Cost of goods sold,$516,117;change in inventory,$67,483 decrease;average accounts payable,$58,209.
What is the company's payables turnover? Round your answer to one decimal place.
A) 8.3 times
B) 7.7 times
C) 10.1 times
D) 7.2 times
Correct Answer:
Verified
Correct Answer:
Verified
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