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A company reports purchases of $418,000, a beginning accounts payable balance of $48,000, and an ending accounts payable balance of $40,000. All purchases were
A company reports purchases of $418,000, a beginning accounts payable balance of $48,000, and an ending accounts payable balance of $40,000. All purchases were on account. The company's accounts payable turnover would be closest to: (Values are rounded to two decimal places, X.XX.)
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