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Accounts payable turnover for Blue Industries increased from 10 to 12 during 2018. Which of the following statements best describes what this means? A.The company
Accounts payable turnover for Blue Industries increased from 10 to 12 during 2018. Which of the following statements best describes what this means?
A.The company paid its accounts payable more quickly in 2018, signaling a stronger liquidity position.
B.The company paid its accounts payable more slowly in 2018, signaling a weaker liquidity position.
C.Inventory turned over faster in 2018, meaning sales increased.
D.Not enough information is provided to form a conclusion.
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