how long, on average did it take the company to pay off its suppliers during the year? what might a large value for this ratio imply?

LO 2 9. Calculating Average Payables Period for the past year, Hawkeye, Inc., had a cost of goods sold of $95,318. At the end of the year, the accounts payable balance was $22,816. How long, on average, did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply? tabantu