Hilton Limited wants to maintain strong relationships with its suppliers to ensure a steady source of raw materials for its manufacturing operations. It therefore tracks how long it takes to pays its suppliers by calculating the accounts payable turnover ratio and average payment period. The suppliers require payment within 30 days. Hilton purchases all of its raw materials on credit. What is Hilton Limited's accounts payable turnover ratio if it has net purchases for the year of $2,250,750, an opening accounts payable balance of $256,000 and a closing accounts payable balance of $275,000? Cannot tell from the information given O 8.18 O 8.48 O 8.79