Eazy Co. financial data 2018 2019 2020 Accounts Payable $150,000 $170,000 $220,000 Beginning Inventory - 109,000 129,000 Ending Inventory 109,000 129,000 119,000 Cost of Goods Sold 605,000 725,000 945,000 Using the above financial data for Eazy Co. calculate the accounts payable turnover rate and average payment period for 2018, 2019 & 2020. For 2018, use year end balances instead of average balances

find

Accounts payable turnover ratio

Average payment period