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7. (10 points) The following data is available for Telford for the years 2012 through 2015: Cost of goods sold Accounts payable 2015 6,466 998

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7. (10 points) The following data is available for Telford for the years 2012 through 2015: Cost of goods sold Accounts payable 2015 6,466 998 2014 6,344 1,200 2013 7,200 988 2012 7,664 900 A. Calculate the accounts payable turnover ratio for the following years: 2015 2014 2013 B. Calculate the number of days it is taking Telford to pay its vendors (assume a 365-day year): 2015 2014 2013

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