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Accounts payable turnover for Maskette Industries increased from 1 0 to 1 2 during its most recent fiscal year. Which of the following statements best
Accounts payable turnover for Maskette Industries increased from to during its most recent fiscal year. Which of the following statements best describes what this means?
A Inventory turned over faster during the year, meaning sales increased.
B The company paid its accounts payable more slowly during the year, signaling a weaker liquidity position.
C The company paid its accounts payable more quickly during the year, signaling a stronger liquidity position.
D Not enough information is provided to form a conclusion
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