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Can i continue to calculate AP turnover if the difference from ending inventory - beginning inventory is a negative number? Inventory Purchases = (Ending inventory
Can i continue to calculate AP turnover if the difference from ending inventory - beginning inventory is a negative number?
Inventory Purchases = (Ending inventory - Beginning Inventory) + COGS
beginning balance was 9,497
ending inventory balance was 8,992
8,992 - 9,497 = -502
COGS = 54,864
Since:
Accounts payable turnover:
Inventory purchases
Average Accounts Payable
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