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. The company is more efficient in paying off its debts compared to the industry average.
• B. The company is less efficient in paying off its debts compared to the industry average.
• C. The company is less profitable than the industry average.
• D. The company has a higher amount of accounts payable than the industry average.

Answer: (A)