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A company has a COGS of \$1,200,000 and an average accounts payable of \$400,000. What is the accounts payable turnover ratio?
If a company's accounts payable turnover ratio is 6, what does this suggest about its payment cycle?
Given a beginning inventory of \$200,000, ending inventory of \$150,000, and COGS of \$400,000, estimate the purchases made during the period.
What is the formula to estimate purchases using COGS and inventory levels?
What does the accounts payable turnover ratio measure?
A company has a COGS of \$600,000 and an average accounts payable of \$150,000. Calculate the accounts payable turnover ratio.
If a company's accounts payable turnover ratio is 10, while the industry average is 7, what can be inferred about the company's efficiency?
A company reports a COGS of \$750,000 and an average accounts payable of \$250,000. What is the accounts payable turnover ratio?
If a company has a COGS of \$500,000 and an average accounts payable of \$100,000, what is its accounts payable turnover ratio?
If a company's accounts payable turnover ratio is 12, what does this suggest about its payment cycle?