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In 2003, P Co reported a trade payables tumover ratio of 2.49 and C Co reported a turnover ratio of 174 for that same year.
In 2003, P Co reported a trade payables tumover ratio of 2.49 and C Co reported a turnover ratio of 174 for that same year. Which of the following statements is true? Multiple Choice C Co pays the vendors in a timeller manner than P. Co pays their vendors. On a competive basis to cost sales, P Co carries more in average payables than does C C It is unclear P Co peys their vendors in a timeller manner than C Co Co took approximately 147 days while C Co took about 210 days to pay vendors
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